USD/RUB is Playing a Waiting Game: What’s Next?

<p>Good day!</p>
<p>Russian ruble is remaining in the descending triangle, targeting its lower side or the supporting level of 72.70. There is a feel that the currency pair might pull from the horizontal line and jump anytime soon:</p>
<p><img class="alignnone size-large wp-image-43195" src="http://blog.tickmill.com/wp-content/uploads/2020/05/1-9-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/1-9-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-9-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-9-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-9.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>EUR/USD has pulled from the level of 1.0778, closing with a bullish engulfing on Thursday although Friday’s trend is not yet steady and ascending enough. There is a possibility that the currency pair should jump and target the level of about 1.1000 soon:</p>
<p><img class="alignnone size-large wp-image-43196" src="http://blog.tickmill.com/wp-content/uploads/2020/05/2-7-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/2-7-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-7-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-7-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-7.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The New Zealand dollar is currently approaching two very important zones. The lower line is the downtrend with a very interesting strong resistance level of 0.6450 lying upon. Away from this level the asset might potentially drop therefore the breakout of this downtrend in descending direction might be just a false alarm:</p>
<p><img class="alignnone size-large wp-image-43197" src="http://blog.tickmill.com/wp-content/uploads/2020/05/3-4-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/3-4-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-4-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-4-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-4.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p><strong>Disclaimer:</strong> 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.</p>
<p><strong>High Risk Warning:</strong> 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.</p>
<p>The post <a rel="nofollow" href="https://blog.tickmill.com/tech-analysis/usd-rub-is-playing-a-waiting-game-whats-next/">USD/RUB is Playing a Waiting Game: What’s Next?</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>