Russian Ruble Is Targeting Supporting Zone
Good day,
The Russian ruble has tested the resistance at the level of 75.00 and reversed, targeting the supporting zone formed between the levels 73.00 and 73.50. Once the asset has gained the required support, it might pull back.
The EUR/USD pair pulled back from the level of 1.1845, forming a bearish trap. There is a possibility that the asset’s price might jump, targeting the level of 1.2000 next.
Last Friday, the Australian dollar has formed a bullish engulfing, touching the supporting level of 0.7475. Therefore, this asset might jump soon.
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