Russian Rouble: ElliottWave forecast

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Daily chart of Russian Rouble



The currency is moving in a falling channel as it is seen in the above chart. Also to be observed that prices have recently taken support from the lower end of the channel and is now inching towards the resistance. The pair has strong support at 62.5 for further advancement.

From wave perspective, prices are poised to move up till 66 levels which can be either wave x or i. As it has completed (a-b-c) pattern.


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