Russian Ruble Is Targeting the Level of 70.50: What’s Next?

<p>Good day,</p>
<p>The USD/RUB pair broke the downtrend and walk along the broken line. We feel that now the Russian ruble might either pull from the level of 70.50 down or break it out and jump. At that, the level of 70.50 is likely to become the broken neckline of double bottom. So far, it is more likely that the asset will pull from this level and head South:</p>
<p><img class="alignnone size-large wp-image-45932" src="http://blog.tickmill.com/wp-content/uploads/2020/06/1-20-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/1-20-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-20-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-20-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-20.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>Gold has touched the level of 1765.00 without breaking it. This asset might even drop anytime soon. Now it is good time to check how daily candles are going to close.</p>
<p><img class="alignnone size-large wp-image-45933" src="http://blog.tickmill.com/wp-content/uploads/2020/06/2-12-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/2-12-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-12-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-12-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-12.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>In the daily chat, the EUR/USD pair is probably about to form a bullish flag and break it through. It is clearly visible in the 4-hour chart. So far, it seems that the asset might head up to target the resistance at the level of 1.1422:</p>
<p><img class="alignnone size-large wp-image-45934" src="http://blog.tickmill.com/wp-content/uploads/2020/06/3-8-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/3-8-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-8-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-8-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-8.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/tech-analysis/russian-ruble-targeting-level-70-50-whats-next/">Russian Ruble Is Targeting the Level of 70.50: What’s Next?</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>