USDRUB - Daily - Still within a rising channel
Trade Alert
USDRUB continues to trade within a rising channel, but the moment, it's seems to be struggling to move higher.
Certainly, as long as the lower side of the rising channel remains intact, we will remain somewhat bullish on USDRUB. But for a better confirmation of the upside scenario, we would wait until the pair gets above the 67.11 zone. This way, we could start aiming for higher level like the 68.51, or above.
Alternatively, a break below the lower side of the channel and then a close below the 65.00 area, could invite more bears to the table and we could see USDRUB traveling much lower.
Please the chart for details.
Always have your SL in place.
USDRUB continues to trade within a rising channel, but the moment, it's seems to be struggling to move higher.
Certainly, as long as the lower side of the rising channel remains intact, we will remain somewhat bullish on USDRUB. But for a better confirmation of the upside scenario, we would wait until the pair gets above the 67.11 zone. This way, we could start aiming for higher level like the 68.51, or above.
Alternatively, a break below the lower side of the channel and then a close below the 65.00 area, could invite more bears to the table and we could see USDRUB traveling much lower.
Please the chart for details.
Always have your SL in place.