USDRUB Long Term Projections
We have not yet seen a close above the 78.989 level so one cannot be fully bullish on this currency as it seems hard for investors to commit themselves going long near the 78 level. With the unease that currently looms over the Greenback, any negative reports will not crash the dollar completely as it will always reign supreme. I have not fully understood US/Mexican trade deal yet, but whatever the outcome, it does not seem to have shaken the market as of yet, maybe orders are still being filled. I will be expecting some confluence around the 71.545 level as bears may come and take control from this level onward.
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