USD/RUB: Potential Jump Ahead?
Good day!
The Russian ruble made an expected move at the end of last week, approaching the 65.00 level. So far, the 63.15 support level remains for the Russian ruble for a while. Getting back to this level, the asset can jump again:
New Zealand dollar approached a very important supporting level of 0.6450. This level also serves as the broken neckline of an inverse head and shoulders pattern. In principle, the currency pair is likely to jump however, we should wait for the candlestick patterns to form as they will confirm the potential pullback. The level could also get broken down so, let’s wait and see what’s going to happen next:
Gold decided to test the tail of the falling candlestick. Asset’s price is approaching the 1611.00 level, where the broken uptrend lies. At the crossing point of this level the uptrend asset’s price is most likely to drop and form the peak:
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