Russian ruble was forced to get back under psychological level 65.00 thus confirming the data published by COT CFTC and showing that increasing number of operators keeps betting on drop in the rate of USD/RUB. Currently, we assume that the asset will drop till horizontal level of 63.00. This is the level the broken downtrend is going through. Asset’s price approached this level already many times in a row and pulled back away from it to target the level of 65:
Gold managed to pull back from the lower median line that appeared to be a bottom side of the triangle. Now, asset’s price is approaching the upper boundary of our pattern. Should it get broken, asset’s price may head up and potentially reach the level of 1345.00:
In the daily chart, Australian currency completed formation of reverse head and shoulders pattern and is now very close to the neckline. Should asset’s price break the trendline and head North, it may potentially reach the level of 0.7900. As for now, the most important things will happen to asset next to the neckline:
Let us remind you that this material is provided for informative purposes only and cannot be considered as a direct go ahead to implement transactions in the financial markets. Trading in the financial markets is very risky.