USD/RUB should drop soon!


The USD/RUB pulled back from the 63.65 horizontal level that got broken earlier. Therefore, we could assume that bearish flag will most likely form, and the asset might potentially fall till the 61 level:

Latest reports provided by COT CFTC also show that large operators have recently expanded their long positions. This might indirectly confirm the things said above:

The british currency closed the trading day with a bullish engulfing pattern that nicely touched the support zone. The british pound might potentially reach the 1.2773 level:

The swiss franc tried to break the downtrend but bounced back with a third candle, thus confirming the false breakout of the downtrend. We assume that the USD/CHF could potentially drop and test the 0.9700 level:

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