USD/RUB Is Gradually Targeting the Level of 80!

Good day,
The price of Russian ruble has reached the psychological level of 77.00, therefore the asset might potentially pull back to the uptrend and then only try to approach the level of 78.

Having repeatedly jumped, the Australian dollar has almost approached the horizontal level of 0.7065. We feel that the asset might eventually break this level and target the level of 0.6700 next. Of course, the asset might also pull back, but let’s wait and see what happens to asset’s price next to this horizontal level.

The EUR/USD pair has managed to break the uptrend. It is heading down right now. The asset might gain the needed support somewhere between the levels 1.1422 and 1.1495. Away from this supporting zone the currency pair might jump, correcting own move.

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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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