USD/RUB – Escalation and Breakpoint on a Weekly Chart

The reaction of the markets turned out to be immediate, the ruble collapsed by more than 6% against the dollar, Brent oil for the first time in 8 years exceeded $100 per barrel. Prices will also rise for other commodities in fear of markets disrupting their supply, in particular for aluminum, wood, soybeans, wheat, corn, and, accordingly, gold and silver, because. they are assets – a “safe haven”.

Following the technical analysis, we can say that the dollar exchange rate at a level below 81 rubles remained positive for the ruble with its possible strengthening, because. The further growth of the dollar was held back by dynamic resistance on the weekly chart.

Following the principles of technical analysis, we can say that at the moment there is still a possibility of the growth of the dollar to 100 – 112 rubles.

Russian President Vladimir Putin has stated his goal, which is the demilitarization of Ukraine, therefore the end of the conflict may not be as close as we would like. I suppose that next week the dollar will still reach 98 – 100 rubles.