USD/RUB Seems to be Heading South
The currency pair USD/RUB closed yesterday’s session with a long black candle, forming a very strong bearish engulfing. The level of 65.55 is still going strong, and the asset is likely to drop. Currently, the asset's price has reached the middle point of engulfing (62.25) away from which it can drop till the psychological level of 64.00. Although the asset can still test the level of 65.55 first and then potentially drop:
The price of Swiss franc reached the level of 0.9694, forming a bullish engulfing. Here the currency pair can correct itself from the current levels and potentially reach the downtrend:
Silver pulled from 50% Fibonacci level which is expanded along the latest descending move. It has also pulled away from horizontal level of 17.50. We could assume that silver might drop till the level of 16.00:
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