USD/RUB Drops and Seems to Enter a New Range
Last week the currency pair USD/RUB dropped and broke the range of 65.55-67.00. The asset could get another strong support next to the mental horizontal level of 64.00, which also serves as a broken neckline of double bottom. Away from this point the asset could potentially jump. All in all, the asset entered a great range of 64-65.55:
The rate of single currency approached the trendline of local downtrend and pulled back from it. So far, the currency pair might potentially drop till the level of 1.0926. Although the asset can also break the downtrend:
British currency is steadily heading up, approaching the downtrend. Next to the daily downtrend lies the 50% Fibonacci grid expanded along the latest descending move. We could assume that the asset should pull from the downtrend back down:
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