USD/RUB Forecast: Potential Drop Ahead
Good day,
Russian ruble has pulled back to the level of 77.30, although the weekly uptrend, which underwent the false breakout some time ago, plays a more important role here. The USD/RUB pair might undergo correction and drop till the level of 72 soon.
Oil has closely approached the levels 96.00 and 97.00 and might face resistance. The asset is likely to pull from this resistance and drop till the level of 86.70 soon.
Gold has touched the weekly downtrend and the level of 1845.00, leaving the long spike above. In principle, it would be wise to choose a wait-and-see strategy and check the price movements at the very beginning of trading week. The asset’s price might potentially drop till the psychological level of 1800.00 soon.
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