U.S. Dollar / Russian Ruble

Long

USDRUB updated chart target remains 85.90

Updated

I updated the chart as structure changed from earlier pattern (see related).
Double three W-X-Y extended the consolidation.
I think crude oil (see related) will dip again so its natural that USDRUB will move higher for ruble weakness.

Comment

The pair dipped as planned and we reached blue box area where Y=1-1.272 of W

snapshot

The reversal is soon

Comment

update

snapshot

Comment

Updated map here

USDRUB Updated map - RUB follows stronger oil

Related publications

USDRUB to retest the top of Y2016 at 85.90

USOIL (WTI crude) could drop to $10

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