USDRUB Supported and with a STOCH Bullish Cross!

The USDRUB has been trading within a 5 month Rectangle pattern ever since the price retraced from the start of the war High. The price made a High on October 11 and has been pulling back since but for the 7th straight session, it remains supported on the 1D MA50 (blue trend-line), which since late July has been trading around the Rectangle's middle (median), thus acting as somewhat a pivot point.

This level of Support along with the fact that the STOCH RSI is making a Bullish Cross, presents a short-term buy opportunity, first towards the top of the High Volatility Zone and then towards the Lower Highs trend-line (dashed).





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