Good work. I wonder what the central bank of Russia could do to save this. The Chinese Yan won't be their savior. Higher oil prices, only partially. Capital control on individuals is already strong - you are able to withdraw only 10K if you had currency account opened before the war. Anything else is converted to RUB if you request withdrawal, and that with not really nice 10% spread. I only hope the crash is faster, i.e it accelerates to above 1:100 ratio till end of the year. That will crush any Russian propaganda about their strength. Not sure how that looks TA-wise, but I hope it pulls a TRY, but faster one.
AlanSantana
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@bghldr, Short-term a top has been hit but not sure if this is the end of it.
Comment again in a week or two and I share an update, to see how the chart is looking.
yividus
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@AlanSantana, any updates on recent usdrub movements and which targets to look out for?
AlanSantana
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@bghldr, Actually, I looked at it long-term and there is plenty of room for it to go up and if it does it is bound to speed up... This is the monthly chart.
bghldr
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@AlanSantana, lovely. Yeah, I think a fall back to 1:73 in ratio is okay, then it must just keep on grinding.