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USDRUB Breaches Nov 2020 Highs Above 81.00

RUSSIA
  • Renewed pressure on equities weighing on the Russian Ruble in recent trade with USDRUB now extending above the November 2020 highs north of the 81.00 mark.
  • Gains this week have resulted in a break of resistance at 80.4155, Jan 26 high. This confirmed a resumption of the underlying uptrend and signals scope for a climb towards 81.5675 and 82.3602, the 2.00 and 2.236 projection of the Feb 10 - 11 - 16 price swing.

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