The USD/RUB continues to display a downwards progression and as of this writing is traversing near the 93.0000 level depending on the bids and asks being generated.
The USD/RUB was near the 100.0000 vicinity on the 20th of January. As of this writing the USD/RUB is around the 93.0000 mark with a typical wide spread. However, the ability of the currency pair to show downside momentum in the past few weeks is clear, in fact the USD/RUB was near 112.0000 when 2025 began.
The difference for the USD/RUB and its ability to create a bearish trend certainly is because of a shift in sentiment regarding the prospect of dialogue between Russia and the U.S White House. Putin and Trump have spoken recently according the U.S administration and the potential for a negotiation to begin between Russia and the Ukraine seems to be feasible.
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Financial Institutions and USD/RUB Speculation
The incremental trend lower in the USD/RUB the past few weeks since the inauguration of President Trump is likely more than a coincidence. Financial institutions are likely shifting their outlooks regarding the prospects for the Russian Ruble via its potential to be traded openly over the mid-term if the war in Eastern Europe finds a resolution.
The Russian Ruble is not a widely traded currency, but its potential of being allowed to be accepted more openly if a conclusion to the Ukrainian/ Russian war is resolved, certainly is a factor in the USD/RUB bearish trend. Financial institutions are definitely weighting the prospects of the USD/RUB if sanctions are eased on Russia. Day traders cannot bet blindly on the move lower continuing, but for those who can look towards the mid-term and make wagers, thoughts about a stronger Russian Ruble are legitimate.
USD/RUB Value and its Trajectory Lower
The USD/RUB was trading near the 113.0000 level on the 28th of November 2024. This high touched an apex not seen since the early spring of 2022. Since late November however the USD/USD has begun to see speculative momentum create selling. There have been reversals higher after downwards motion, but the last few weeks of trading has begun to see resistance levels clearly become durable.
- Highs above the 100.0000 level have been brief outliers since the 21st of January.
- Since the first week in February the 100.0000 has seemed to spark selling rather consistently.
- And since the 5th of February the 98.0000 level has been durable as resistance rather well.
- Traders looking for lower prices in the USD/RUB cannot be blamed, but they need to be careful.
- The 92.5000 region may prove to be a support target short-term, if the USD/RUB breaks below this traders who can be patient may start actively looking for the 92.0000 as a goal and lower.
USD/RUB Short Term Outlook:
Current Resistance: 94.500
Current Support: 92.5000
High Target: 96.1000
Low Target: 91.6000
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