Today, USDRUB is consolidating in the range of 95,000-100,000 on the MA200 moving average. Yesterday, the Russian president stated that all countries that imposed sanctions on Russia will pay their obligations for the gas and other energy sources in Russian rubles. This strengthened the Russian ruble because it was in the range of 105,000-110,000 yesterday. We need a new bullish impulse for the bullish option that would raise the USDRUB pair above 110,000. Then we would get support in MA20 and MA50 moving averages. The next major target and resistance zone is at 120,000. We need a break below the MA200 moving average for the bearish option, and we are looking for support in the zone around 90,000. If bearish pressure continues, we are looking for the next potential support in the zone of around 80,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.