OctaFX | OctaFX Forex Broker
Open trading account

USD/RUB to recapture critical juncture

Recent upward moves led to a cross between the 100 and 200 SMA on the 4H USD/RUB charts.

A recent bounce in the USD/RUB price structure might contribute to a consensus of technical levels, especially when the recent lows are at a relative narrow distance from the price level where the so-called “Golden Cross” occurred. At a distance slightly shorter than a daily ATR, the 200 SMA could exhibit some attraction to the price. The bullish outlook should be dismissed by a close beyond the 200 SMA.

Startling strength in Australian employment data - ANZ

Justin Fabo, Senior Economist at ANZ, notes that today's Australian jobs number makes a rate cut by the RBA in February more difficult to achieve.
Read more Previous

AUD/USD stages powerful rally

AUD/USD stages powerful rally
Read more Next
Start livechat