USD/RUB: interesting future ahead?


The Russian ruble is quickly approaching the crossing point of two resistance zones, that is, the level of 62.50 and downtrend. So far, we assume that the asset should pull from these zones. Of course, things can happen the other way around. The asset might break the level of 62.50 so let’s wait and see what happens next:

Large operators favour the Russian ruble, slowly expanding the current positions. They prefer buying the asset:

The British pound is testing the supporting level of 1.2975 for the fourth time in a row. Hence, the currency pair should jump at the crossing point of this level and uptrend. Let us remind you that the level of 1.2975 is the upper boundary of the broken range:

Oil approached the level of 54.40 and closed below it. It is not certain yet whether the breakout is true. Should the oil drop, it will only get the support at the level of 50.50:

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

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