The ruble exchange rate is in no hurry to choose the direction

The ruble-US dollar exchange rate is looking for its new trend. Now moving averages with the period of 50 and 200 are moving synchronously-horizontally with the price, without forming a specific signal to buy or sell the pair.

Fundamentally, the ruble exchange rate is also supported by rather high interest rates of the Central Bank of Russia, which will not be lowered any further. But, on the other hand, the dollar is also strengthening on all fronts.

As a result, we are waiting for a strong reason that can form a new trend for USDRUB.

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