Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

USD/RUB Analysis: Technical Range Intrigue Keys Trading Perspectives

By Robert Petrucci
Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services.

Short-term moves higher in the USD/RUB have been seen since Thursday of last week, but technically the currency pair has the actual appearance of a bearish speculative trade.

USD/RUB Analysis Today - 25/06: Technical Range Keys (Chart)

  • Unless you have inside knowledge of the inner workings of the Russian government or are within the Russian Central Bank, or are a businessman that deals in the Russian Ruble it is likely that your perspective on the USD/RUB is via technical charts and occasional news items that cross your trading screen.
  • Trading in the USD/RUB pair is the domain of experienced traders who understand risk management is essential to good outcomes.
  • While speculating on the USD/RUB can be done by many via available brokers’ platforms, the currency pair mostly draws traders with solid technical ability and good gut instinct.

As of this morning the USD/RUB is trading near the 87.2464 ratio, but it did touch a low around the 86.1765 level earlier. The USD/RUB traded at a low of almost 82.4463 on Wednesday and Thursday of last week. While this morning’s trading has in a sense sustained the middle ground of one month trading chart perspectives for the USD/RUB, it can easily still be considered to be showing signs of downwards momentum.

USD/RUB Mid-Term Perspective and Short-Term Speculation

A look at a three month chart of the USD/RUB clearly shows the currency pair has been in a bearish trend. The ability to sustain price values the past month and test lower depths continues to be seen in the USD/RUB too. Intraday trades in the currency pair need to be attempted with a great deal of patience and its likely an overnight position will have to be considered while speculating on the USD/RUS to attain a price target.

Last week’s low in the USD/RUB touched values last seen in June of 2023. While people on the outside may believe the Russian Ruble has been shut off from the international Forex market that is obviously not the fact. The Russian Ruble continues to prove it is durable and in fact rather strong. The trend lower should be taken seriously, although without inside information it is rather speculative to wager on the movement of the USD/RUB – except to say technical charts offer some clues for those who want to bet.

Top Forex Brokers

1
Get Started 74% of retail CFD accounts lose money Read Review

USD/RUB Correlations Difficult to Prove but Intriguing

The ability of the USD/RUB to stay within its lower price range makes it tempting to continue to look for downside momentum. However, speculators need to understand reversals higher do occur like the one displayed the past two days.

  • The opportunity to wager on durable resistance igniting moves downwards are attractive for near-term USD/RUB traders, but solid risk management is definitely necessary.
  • Trying to correlate the Russian Ruble to USD centric interest rate perspectives is hard and may prove a false narrative.
  • The USD/RUB did trade within lower realms from April until mid-June of last year.

USD/RUB Short Term Outlook:

Current Resistance: 88.9250

Current Support: 86.8050

High Target: 90.2000

Low Target: 84.9100

Ready to trade our daily Forex forecast? Here’s a list of some of the top forex brokers in Russia to check out. 

Robert Petrucci
About Robert Petrucci
Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services.
 

Most Visited Forex Broker Reviews