USD/RUB and USD/MXN: bouncing downwards

USD/RUB and USD/MXN: bouncing downwards

2021-01-27 • Updated

Do you notice the similarity between these two charts? As both currencies are equally weak against the USD, the Russian ruble and the Mexican peso are following almost identical patterns.

For both, we have local resistance that sent the price downwards. For USD/RUB – it’s at 75.60; for USD/MXN20.20. Now, both are likely to go downwards aiming at local support levels: with the ruble, it’s 73.00, with the peso – 19.55. At least, meeting the Moving Averages that all are converging down below seems the most probable short-term scenario for USD/RUB and USD/MXN.

USDRUBH4345.png

                                                                                                  LOG IN

Similar

Trade Ideas on September  6-10
Trade Ideas on September 6-10

Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…

Latest news

US Stock Market Recovers
US Stock Market Recovers

What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…

What to trade on May 30-June 3
What to trade on May 30-June 3

Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail! 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera