USDRUB Sell opportunity at the top of the Channel Down.

14 sie

The USDUB pair is on the 2nd straight red candle following yesterday's strong rejection near the top (Lower Highs trend-line) of the 1-year Channel Down. At the same time, the 1D RSI almost broke above the overbought barrier (70.00), a level last visited on April 16 2024.

As a result, we believe that this is the start of the new Bearish Leg of the pattern. Our target is 81.200, representing a -13.49% decline (similar to the previous ones).

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