USD/RUB: The uptrend will continue.
Three times consolidations have brought profit on the sale of the ruble for the dollar. Now the intervention of the Central Bank of Russia and state-owned companies will temporarily suspend the process of weakening the ruble. But this process will continue anyway, as investors are withdrawing money from Russia's bonds (the RGBI index goes down), the oil price goes down, and stock indices go down. The global trend of the US dollar strengthening is also possible.
Comentarios:
RGBI - new low. Waiting rollback and new long. :)
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The ruble has strengthened well on favorable trends of a weakening dollar, demand for RGBI and strengthening oil. So far, the price is in a range that is more likely to be broken upwards and the ruble will weaken again due to a drop in oil demand (a pandemic factor) and a possible strengthening of the dollar.
The ruble has strengthened well on favorable trends of a weakening dollar, demand for RGBI and strengthening oil. So far, the price is in a range that is more likely to be broken upwards and the ruble will weaken again due to a drop in oil demand (a pandemic factor) and a possible strengthening of the dollar.