Will the USD/RUB Face Resistance at 80 Again?
Good day,
The USD/RUB pair has tested the psychological level of 77.00, jumping to target the price of 80 Russian rubles against 1 USD. So far, the level of 80 looks like it might provide quite a significant resistance. Hence, there is a probability that this level is less likely to get broken through.
Having broken the uptrend and pulling back to it, the Swiss franc is trying to form a doji, signifying a potential drop. The asset might drop till the level of about 0.9000.
The price of New Zealand dollar is in the range between the levels 0.6510 and 0.6790. The asset’s price is most likely to move within this range.
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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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