FXStreet – The Russian currency could not defend its initial profits against the Greenback. Then it came in the currency pair USD/RUB to recapture the psychologically important mark of 57,00.
The currency pair is rising for the first time today since Tuesday. A further rise starting from the week’s lows at 56,90/80 (Thursday) appears to be possible. To the Russian ruble, the Greenback surprisingly stabilize, after he in the Rest of the FX universe in reaction to weaker-than-expected US economic data on a broad Front under pressure got.
In the meantime, the currency is expected to document the couple for the first time in three winning weeks in a row with a loss. Support the RUB received on rising Oil prices.
In fact, the North sea Brent crude oil traded since last Friday more than 10 percent above the low for the year. Yesterday, it climbed back to even on the brand from 51.00 dollars. Price support, the hopes for an extension of the OPEC and Non – OPEC production cuts through June.
In Russia, the trade had expanded surplus in March to 12.6 billion dollars, which was higher than the estimate of the markets and the value in February (10,17 billion dollars).
USD/RUB Key levels
The Couple listed recently on 57,13 to 0.19 percent in the Plus. The next Resistances lie at 57,65 (High 11. May), 58,38 (To The Power Of 10. May) and 59,07 (High-05. May). Resistors are, however, at 56,88 (Deep 11. May), 56,32 (Deep-1. May) and 55,67 (Deep 25. To find April).
** FXStreet News Editorial, FXStreet**