USD/RUB at the Crossroads: What’s Next?
Good day,
Last week, the Russian ruble tried to retest the level of 80 but dropped after facing the trendline. Although the asset might still test the level of 77.00 and potentially break it through.
The price of gold remains below a very strong psychological level of 1900.00. There is a probability that the asset might drop anytime soon.
The US stock index S&P500 is retesting the level of 3396.80. The asset might potentially retest the broken uptrend denoted by gray line in the chart and then only drop till the level of 3138.00.
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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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