This case is very similar to the one with the European currency versus the one of Russia. The latter have been showing strength since the late January and, from technical perspective, this is about to end quite soon. I expect prices to hold and consolidate around 70 rub. for a while before finally bouncing up towards 100 psychological level, which, if everything goes as planned, we may see as soon as in July 2016.
It seems like this may be a good time to start selling Russian currency in favour of that of the U.S. Although I'll watch for a confirmation and a better entry point and will keep you informed.
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It seems like this may be a good time to start selling Russian currency in favour of that of the U.S. Although I'll watch for a confirmation and a better entry point and will keep you informed.
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