Bullish Breakout is noticeable on small time frame, probably will climb to 90. Ruble is suffering from Oil price that could not be recovered during this pandemic, not until the demand is back. Oil has been selling for lower than $10/b backdoor, indicates there is no strength go climb higher at this point of time. For every $1 Oil price decline the nation would suffer losses roughly 2 Billion in revenue. Hence, Ruble remains weak.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.