Trade Alert
Last time, when the Rubble was at these levels was about a year and half ago. The pair broke key resistance levels at 64.300 and 65.050, but got held today by the 66.717 zone. There could be a chance to see some retracement back down coming in, where a good potential bouncing ground could be seen around the 65.050 level. If we do see USDRUB bouncing from that level, then could start positioning ourselves for another potential test of the 66.717 barrier.
We should not exclude the possibility of the pair correcting itself a bit more to the downside, where the 64.300 area could be the next possible area for a bounce. If that area does not hold, then we could see USDRUB correcting itself further down.
Please review the levels on the chart.
Always have your SL in place.
Last time, when the Rubble was at these levels was about a year and half ago. The pair broke key resistance levels at 64.300 and 65.050, but got held today by the 66.717 zone. There could be a chance to see some retracement back down coming in, where a good potential bouncing ground could be seen around the 65.050 level. If we do see USDRUB bouncing from that level, then could start positioning ourselves for another potential test of the 66.717 barrier.
We should not exclude the possibility of the pair correcting itself a bit more to the downside, where the 64.300 area could be the next possible area for a bounce. If that area does not hold, then we could see USDRUB correcting itself further down.
Please review the levels on the chart.
Always have your SL in place.