Due to notable developments on the USD/RUB currency pair’s chart a review of the situation is done by Dukascopy analytics department.
In general the pair has broken the previously mapped channel up pattern to the downside due to fundamental events in the United States. However, the currency pair has not moved out of the larger scale trend. Instead it has provided an opportunity to adjust the trend lines of the dominant pattern.
Meanwhile, in regards what all the readers want to know, the short term is quite tricky, as the pair is set to face various resistance levels at the 59.00 mark. Until they are broken, the pair might trade sideways.
