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USD/RUB Bulls are losing momentum

USD/RUB sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further USD/RUB depreciation is there.

AUD/NZD mid-term buyers gaining momentum

AUD/NZD mid-term buyers gaining momentum
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EUR/USD testing Friday’s lows, near 1.0970

The EUR/USD pair finally gave away the 1.10 handle and accelerated to the downside in the mid-European trades, failing to benefit from weak European stocks amid broad based US dollar rebound.
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