Ruble Forecast: Potential Pullback Ahead?
Russian ruble has touched the resistance at the level of 75.00. It might either pull back and target the level of 73.50 or break the level of 75.00 and approach the level of 77. So far, the Russian ruble seems to be pulling back. This is because the asset just broke the downtrend from which it might jump soon.
Oil has pulled back from the level of 77.82 and reversed. It is currently heading north. This asset might have to face the resistance at the level of 86.70, pull back, and drop.
Having entered the resistance area between the levels 1835 and 1855, gold went down. The asset is currently targeting the supporting level of 1720.00 away from which it might pull and jump. Of course, gold prices might also get back to the resistance area but taking it as a bullish trap. So, it is worth waiting to see what is going to happen next.
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