Senior Analyst at Commerzbank Axel Rudolph suggested that short -term upside pressure stays intact while spot trades above 60.58/51. Key Quotes “USD/RUB formed a bottom at its 55.42 February low, close to the April 2017 low at 55.70 and the January low at 55.58, and then rallied to its April high at 65.04 before consolidating and slipping back to its recent lows at 60.95/58 before heading back up again”. “Further consolidation below the 64.28 current May high and the 65.04 April peak is expected to be seen but short-term pressure if definitely pushing upwards at the moment”. “Immediate upside pressure will be maintained while the April 19 low and the November high at 60.58/51 underpin on a daily chart closing basis”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Eurozone: Political turmoil is back – Rabobank FX Street 5 years Senior Analyst at Commerzbank Axel Rudolph suggested that short -term upside pressure stays intact while spot trades above 60.58/51. Key Quotes "USD/RUB formed a bottom at its 55.42 February low, close to the April 2017 low at 55.70 and the January low at 55.58, and then rallied to its April high at 65.04 before consolidating and slipping back to its recent lows at 60.95/58 before heading back up again". "Further consolidation below the 64.28 current May high and the 65.04 April peak is expected to be seen but short-term pressure if definitely pushing upwards at the moment". "Immediate upside pressure… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
