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USD/RUB targets the level of 62.55

USD/RUB managed to break the level of 63.60 and hide below it. Also, on Friday the pair closed with a bearish engulfing, which is now touching the downtrend.  There is a possibility that the asset’s price can drop till the level of 62.55:

In the weekly chart, the price of the Canadian currency has formed a bullish engulfing. It potentially signifies that the asset may jump next week:

In the daily chart, the price of Canadian currency might slightly drop just to jump till the level of about 1.3090:

The price of Euro started to work through the flag, therefore it might target the level of 1.1250:

Disclaimer: 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.

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