USD/RUB Forecast: Potential Jump Ahead?
Good day,
The USD/RUB is targeting the supporting zone formed between the levels 71.50 and 72.00. Once the asset has entered this zone, it might jump. In principle, the Russian ruble is still moving in range.
Brent oil has slightly pulled back from the upper boundary of downtrend, which is resembling a flag. We feel that oil could potentially drop till the 65.50 level, but it might also break the flag through.
The British pound has approached the downtrend. So, let’s wait and check the price movements as the asset is likely to break the trendline and jump. Although the British pound might also pull back and target the level of 1.5370 as well.
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