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FX.co ★ Current situation and outlook for USD/RUR

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Forex Analysis:::2022-01-04T11:49:32

Current situation and outlook for USD/RUR

Current situation and outlook for USD/RUR

USD/RUR

At the end of last year, bulls attempted, after completing the decline, to hold on to the situation and continue their recovery. They managed to regain support of the monthly and daily time frames. As a result, current resistance is provided by the weekly Ichimoku cloud (upper boundary of 75.52). A consolidation above the weekly cloud will allow to test the daily cloud break-up target (75.95 - 76.72), while forming the weekly cloud break-up target. In addition to the weekly cloud break target, bulls interests will be focused on testing and renewing the maximum extremes of March 2020 (81.74) and January 2016 (85.75). Support is now provided by the accumulations of the passed levels of the various time bands, the main aggregations of which can be seen in the areas of 74.07 - 73.93 - 73.69, 73.15 -01 and 72.37-39.

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The technical analysis of the situation is based on:

Senior timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo/Kijun levels

H1 - Pivot Points (classic) + Moving Avarage 120 (weekly long-term trend)

Analyst InstaForex
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