March 2020 top trend line, ascending trendline starting November 2021.
Bullish MACD keeps buyers optimistic, January 2016 peak protects immediate upside.
USD/RUB pulls back from Friday’s all-time high and picks up bids close to 84.95 at the press time.
The record-breaking quote reached 90.00 on the previous day, before closing at 84.34.
Bullish MACD signals, and the ability of the pair to remain beyond convergence at March 2020 high, and an ascending trend line that is three months old, near 82.85 keep USD/EUB bulls optimistic.
However, pair buyers are currently looking at tops around 86.00 in early 2016 before challenging the new peak of 90.00.
It is worth noting, however, that a sustained rise above 90.00 will lead USD/RUB buyers to the 100.00 psychological magnet.
A downside break of 82.85 could lead the quote to a one-week-long support level near 79.90. The last month’s high at 80.40 might act as an intermediary halt.
