As I drew on the graph, there is some probability that we could see growth to 85-90 rubles for 1 dollar in the nearest future.
Also I suppose we could see flat instead if growth. I don't see any positives in RU economics. Exchange rate could become better only if US dollar become weaker, which I doubt in.
How do you think?
Hello everyone, friends!
As I said yesterday, I expect further growth in the dollar, which, in principle, we got. Now we are trading at the key resistance level: the 0.382 Fib level and global resistance.
If we look globally, we have:
1) Made 2 bottom, pushed off.
2) A rectangle formation was formed from the bottom (in fact, flat, in fact, accumulation). It works...
Support near 70.5 have been testing for a week, and not defeated. Price moved up and now old strong resistance at 72.5-73 is on the way.
Awaiting price to move in corridor 70.5-73 until some news will be arrived.
Hello, here is the chart for this pair, let me know in the comment section below if you have any questions. I think that the Russian ruble will continue a gradual decline, there may be slight increases, but not for long.