USDRUB - Friday Bullish Reversal at Range Support!!

11 Nis 2015

USDRUB hit the lower end of its 3 month range and reversed producing a Piercing Line candlestick pattern. Slight Bullish Divergence on the short term momentum indicator at the oversold zones suggests a pause and possibly a rebound which could see some profit taking in Equities (RTS Index). If a bounce materializes then the USDRUB will target 60.