25.03.2020
The pair is trading above 78.00 due to the recovering demand for crude oil and stocks of Russian companies, as well as federal loan bonds from non-residents. The ruble will be also supported by the tax period in Russia, which begins today on March 25.
The price is above the middle Bollinger band, below the PMA 5 and SMA 14. The moving’s intersection give a signal to sell. RSI is still above the level of 50%. Stoch are falling steadily.
Trading recommendations:
Sell the pair after it crosses 78.00 with a local target of 75.00.
USDRUB rate online: monitor the movement of the pair in real time.
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