USD/RUB forecast: here’s why the Russian ruble is soaring

The Russian ruble is back. The USD/RUB exchange rate has retreated from last year’s high of 114.45 to the current 98.30, its lowest level since November 14. It has also formed a highly bearish chart pattern, pointing to more downside later this year.  USD/RUB forecast as a double-top pattern The daily chart shows that the […]