$USDRUB – BULLISH: Weekly breakout targets 76.00.
Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels.
With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain.
In the simplest of terms if the USDRUB rally into the consolidation fits the theory of continuation patterns and equals the length of the rally out of the tramlines USDRUB should get to 76.00 without too much trouble.
With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain.
In the simplest of terms if the USDRUB rally into the consolidation fits the theory of continuation patterns and equals the length of the rally out of the tramlines USDRUB should get to 76.00 without too much trouble.