USD/RUB Has Been Sidelined
From a technical perspective the outlook for USD/RUB is probably no worse than neutral.
The
alignment of the 50-200-800 simple moving averages, on the 1hr chart
does not show a clear trend in existence, nor the below 30 ADX at the
moment is a sign of a constructive price structure. The prospect for the
building of triangles, rectangles, and pennants looks to be quite
realistic. Traders may opt to capitalise on such chartist patterns and
their price projections.
