USDRUB at support zone

Pair USDRUB tested 75,000 levels again on Friday, while today, we see a return above 80,000 levels. Moving averages of MA20 and MA50 range around 80,000 levels. The ruble is now at the level before the invasion of Ukraine. The sanctions imposed by the EU, America and their allies have failed to overthrow the Russian ruble and destabilize the Russian financial system. In general, the sanctions returned like a boomerang to the Western world's economies, which led to an increase in inflation in all trade segments. We cannot rule out that the ruble will continue to strengthen until the invasion of Ukraine is over. We expect the USDRUB pair in the current zone of around 80,000 to find support and embark on a new bullish boost for our bullish option. Our first important target is the 100,000 level, where the MA200 moving average awaits us as additional resistance. A break above would boost bullish optimism.