USD/RUB opened yesterday on the lower edge after a previous falling session, but rallied and closed well above the prior session’s close.

This price action has left a piercing line on the chart that let bears second-guess their positions. Such a pattern may be some cause for optimism when it appears at a support level.

USD/RUB down move could be exhausted

(Market News Provided by FXstreet)

By FXOpen