USD/RUB: Holding above 75.50 is crucial to see a test of November 2020 high at 80.95 – SocGen

Market news

1 February 2022

USD/RUB: Holding above 75.50 is crucial to see a test of November 2020 high at 80.95 – SocGen

USD/RUB has pulled back after facing resistance near 80.40. But analysts at Société Générale expect the pair to test the November 2020 high of 80.95 if the 75.50 support holds.

75.50 should be near-term support

“A multi-month ascending trend line near 75.50 should be near-term support.”

“Defending 75.50 can take the pair to November 2020 high of 80.95.”

Currencies. Daily history for Tuesday, February 1, 2022

Commodities. Daily history for Monday, January 31, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.