Education

February 23, 2022

Market Update 2/22 – USDRUB Reverses…Time for a Risk Squeeze?

You may have heard that Russia is in the news. USDRUB reversed sharply lower today after tagging daily reversal resistance (daily high close from March 2020). This level was also resistance in November 2020 (U.S. election). The reversal lower today ‘fits’ with a coming squeeze in equities and a pullback in gold. I’m wondering if the USD also breaks down. The chart below shows USDRUB and DXY since the beginning of the year. Let’s see…
gdpr-image
This website uses cookies to improve your experience. By using this website you agree to our Data Protection Policy.
Read more