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- USD/RUB could climb as high as 101.00 – SocGen
USD/RUB could climb as high as 101.00 – SocGen
USD/RUB has given a breakout above the triangle within which it has evolved for the last five years. Economists at Société Générale note that the pair could reach the 101.00 level.
Holding 80.00/79.50 would mean persistence in the up move
“Defending the triangle upper limit at 80.00/79.50 would mean persistence in the up move. Next short-term projections are at 91.20 and 96.40.”
“March 2020 high of 82.80 is first support.”
“Target for the triangle breakout is located at 101.00.”
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