07.04.2020
Markets are hopeful about the pandemic slowdown and early recovery of business and industrial activity. Investors are in anticipation of a new crude oil deal between the US, Saudi Arabia, and Russia, which supports oil prices and contributes to a stronger ruble.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are in the oversold zone.
Trading recommendations:
Sell the pair after it crosses 75.00 with a possible drop to 73.65.
The USDRUB rate online: monitor the movement of the pair in real time.
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