The USD/RUB pair returned to the level of 65.50. Currently, the asset is pulling back from this level. Heading up, it might face the resistance at the level of 67.63. So, it would be wise to wait for the asset to approach this level of 67.63 and check what the asset will do next. This way, we will learn whether the asset is about to jump or head down:
The Australian dollar is approaching the daily resistance zone located around the level of 0.6670. This zone was supporting the asset for many months in a row and got broken through just a couple weeks ago. At the moment, the currency pair is approaching the indicated levels away from which it might potentially drop:
The Single currency managed to pull from the broken trend trying to close the trading day with engulfing. In principle, the correction might be very much called for right now. So, let’s wait and see what will happen on Wednesday:
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.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% 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.