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JohnKicklighter

Russia's Trade Balance Hits a 5-Year Low, USDRUB Climbs

U.S. Dollar / Russian Ruble (FX_IDC:USDRUB)  
JohnKicklighter  
FX_IDC:USDRUB   U.S. Dollar / Russian Ruble
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Mark this as a straightforward fundamental response. Russia's August trade report shows the smallest surplus in five years, and the USDRUB exchange rate jumps in reply. Immediate resistance is the extreme of that wedge and 38.2% Fib of that April-August bull wave.
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