U.S. Dollar / Russian Ruble discussion
USDRUB_TOM The ruble - technically this spike to 92 can be considered a breakout upwards, we touched the channel boundary, now we may touch the lower one as well. The next strong level is 85. But for now this level is very good and it's being actively defended.
It seems we won't see above 92 before the elections. And we're waiting for the Central Bank interventions to end.
USDRUB_TOM Central Bank interventions - last 4 days - put good pressure on the market. Well, while below turquoise we did not fail, the buyer copes. It looks not very reliable of course. The next level is 84, While the fight against inflation continues - the budget suffers)) when they start working for the budget, growth will begin.
USDRUB Idea:3 Exquisite calls ending the w… 3 Exquisite calls ending the week in style & easeUSDRUB_TOM The ruble is looking strong on the larger timeframes for further growth. It'll probably touch 90 once again.
USDRUB_TOM now seems to have support at the 90 level. I don't see enough seller strength to push it lower for now. Hold long for 2-3 days.
USDRUB_TOM 1-2-3 days.Planning to hold the position for another two days.
USDRUB_TOM The first resistance level has been tested at 93.4 - there was a strong reaction, and it also seems like a potential reversal on the 12-hour chart. Currently, the support level is at 90. Planning to hold the position for another two days.
USDRUB_TOM relation between bonds and exchange rate
