The dollar recovered from ₽80 - what next?
After the ruble strengthened to 5% in October, the situation reversed: from the beginning of November, the Russian currency lost about 3%. The dollar recovered from the ₽80 area, and the exchange yuan rose to a technical resistance of ₽12.3.
The recovery was helped by the raising of currency purchase limits by the Ministry of Finance by 20%, a sharp weekly drop in oil and a technical response to round levels.
But the continuation of the movement is not obvious. Oil has started to recover, and expectations of trilateral negotiations in Abu Dhabi may support the ruble. According to BCS, short-term targets for currency recovery have already been achieved - active traders should consider correcting speculative positions and taking a break.
What do you do with the coin?
- I'm buying, I'm waiting for further growth.
— I take profit after the rebound.
- I stay in Rubel and watch.