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- USD/RUB set to test the April 2021 high of 78.10/30 – SocGen
USD/RUB set to test the April 2021 high of 78.10/30 – SocGen
A progression of higher peaks and troughs has led USD/RUB towards 77.30 earlier this month. The pair is now in a consolidation phase but economists at Société Générale expect USD/RUB to resume its advance towards the April high of 78.10/78.30.
Daily Ichimoku cloud at 74.30/74.00 should contain the downside
Currently, a pause is underway, however, daily Ichimoku cloud at 74.30/74.00 should contain the downside. Defending this support, the ongoing bounce is expected to persist.”
“Next potential hurdles are located at April 2021 high of 78.10/78.30 and projections of 79.80.”
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