Russia and the US are butting heads again. Senate Foreign Relations Committee and both Republicans and Democrats are pushing for much stricter sanctions. A new bill called the “Defending American security from Kremlin Aggression Act (DASKA)” of 2019 will impose new sanctions on Russia. The new legislation will target Russian banks and individuals as well as Russia’s oil and gas sector. This includes anyone who is providing services, financing, goods or any support to the development of oil in Russia. This is bone chilling for Russia.
USDRUB
The currency pair USDRUB is in a perfect channel. Between 64.75(65.00) and 70.00. Price did not drop below the 38.2% Fibonacci level and has stayed above the 200-EMA. Price has crossed over the 21-EMA and with this we received all the signals that we need to enter a long. If price continues to stay above the 67.00 mark, we recommend opening long positions with a target at the resistance line seen in bright pink on the graph, around 69.25.
USDRUB
The currency pair USDRUB is in a perfect channel. Between 64.75(65.00) and 70.00. Price did not drop below the 38.2% Fibonacci level and has stayed above the 200-EMA. Price has crossed over the 21-EMA and with this we received all the signals that we need to enter a long. If price continues to stay above the 67.00 mark, we recommend opening long positions with a target at the resistance line seen in bright pink on the graph, around 69.25.
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