Russian Ruble: The Calm Before the Storm or Summer Break?

<p>Good day!</p>
<p>The USD/RUB pair is trying to bring a volatility to the minimum, forming only small daily candles in the narrow range for now. It seems that this asset might either target a very strong resistance at the level of 67.00 or pull back from the resistance at the level of about 70.50:</p>
<p><img class="alignnone size-large wp-image-45077" src="http://blog.tickmill.com/wp-content/uploads/2020/06/1-5-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/1-5-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-5-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-5-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/1-5.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>What comes to the gold, a bullish flag is about to form in the chart. At this point the asset might pull from the lower boundary of flat just to break the pattern and jump afterwards. Although note that the very important psychological level of 1700.00 is still holding on:</p>
<p><img class="alignnone size-large wp-image-45084" src="http://blog.tickmill.com/wp-content/uploads/2020/06/2-1024×475.jpg" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/2-1024×475.jpg 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-300×139.jpg 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/2-768×357.jpg 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/2.jpg 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The price of British pound has entered the resistance zone formed around the level of 1.2750. It is also noteworthy that asset’s price has closely approached the downtrend therefore the currency pair will most likely drop anytime soon. Of course, the asset might also break the level or downtrend, yet the market is still favoring the potential price drop:</p>
<p><img class="alignnone size-large wp-image-45080" src="http://blog.tickmill.com/wp-content/uploads/2020/06/3-3-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/3-3-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-3-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-3-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/06/3-3.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-the-calm-before-the-storm-or-summer-break/">Russian Ruble: The Calm Before the Storm or Summer Break?</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>