Aeroflot continues its downward path after breaching the support 68.30 and moving towards the level of 50.60, which is the target for the downside movement.
The price continues to move below the moving averages 507-20- which move in a bearish order above the price near the resistance level 68.31-78.50 and …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages and the lower border of the ascending price channel. The internal M15 level pattern is truncated, and Stochastic Oscillator indicates an oversold condition.
monitor the price movement …
The pair shows a local downward reversal as the demand for commodity assets falls due to the pandemic surge and the resulting decrease in the economic activity in the world. The pair is more likely to decline than to resume the uptrend.
Technical side:
The price is at the …
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