USDRUB - Long term view:Greetings dear traders & investors!
To your attention we want introduces our long-terms technical view to Russian ruble.
As you see, Russian currency get a long term uptrend from 2014 and after ABC-move we start 1-5-move to 90. In 2021, when Biden was come a president of United States, we waiting a strong political and economics restrictions from him on Russian economy.
But restrictions is only one part of problems, more important how markets will look on grow up yields of US treasuries. By the way, current oil price is to expensive and looking overbuying and it must some correction here.
We also must look in US stock markets, because current technical view is a bad to, lot of professional funds and banks are sell out their positions to retail traders from Robinhood Markets
and others.
So, we do not want guess, when the moving is start, we just want get you attention to important levels:
Resistance: 76.30-76.90 | 79.20-79.80 | 82.80-83.40
Support: 72.80-73.40 | 70.30-70.90 | 66.90-67.50 | 64.50-65.10
With best regards,
WMCI.
