USDRUB neutral

USDRUB: anticipating news from Russian macro stats

18 august 2021 200
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
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The pair has slowed down in its motion in anticipation of tomorrow’s publication of economic data on unemployment, retail sales, and Russia’s GDP.



As for today, the Russian Ruble is stronger than the US Dollar:



Tomorrow, the situation might change.

That’s why today it is likely that sales will be moderate with slight volatility. 

Unless tomorrow the Ruble’s stance weakens, it is possible that the pair will move towards the area of support at 73 and then towards 71.5. Otherwise - towards resistance at 75.

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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