USD/RUB juggles around 102.00 amid obscurity over the Russia-Ukraine peace talks

USD/RUB may resume the upside journey amid an escalation of tensions between the US and Russia.
Russia has started ditching the greenback against other assets on payments against exports.
The DXY seeks the unfolding of the US NFP for further guidance.

Sagar Dua FXStreet

The USD/RUB pair has reclaimed 100.00 after plunging 37.82% from March 7 high at 155.00 as Russia’s invasion of Ukraine has entered into the second month of ‘special operation’ and yet no clear indication has been observed on a ceasefire between the nations.

Although nations are releasing statements of progress in the Russia-Ukraine peace talks, the unavailability of any constructive decree is failing to keep the market sentiment stable.

US President Joe Biden clarified this Sunday that their nation does not have a policy of regime change in Russia. Earlier Biden declared that Russian President Vladimir Putin “cannot remain in power.” Adding to that, Biden calling Russian leader Vladimir Putin a ‘butcher’ has indicated the consideration of the US towards the Russian military activity in Ukraine. This seems to escalate tensions between the US and Kremlin and deviation between the greenback and the Russian ruble.

It is worth noting that Russia has started ditching the might greenback and demanding other currencies from its exporters. Russia’s state-owned Gazprom has demanded euros in place of the greenback from India’s gas giant GAIL (India) against gas imports.

Meanwhile, the US dollar index (DXY) has accessed liquidity on Monday amid a risk-aversion theme in the market. The mighty DXY is auctioning at 99.12 at the press time, 0.32% above Friday’s closing price. This week investors will focus on the US Nonfarm Payrolls (NFP), which is the leading catalyst for the Federal Reserve (Fed) to observe before drawing minutes of May’s monetary policy.

USD/RUB

Overview
Today last price	101.875
Today Daily Change	-0.1250
Today Daily Change %	-0.12
Today daily open	102

Trends
Daily SMA20	113.6268
Daily SMA50	91.9809
Daily SMA100	82.9977
Daily SMA200	77.9361

Levels
Previous Daily High	102.8751
Previous Daily Low	97.6244
Previous Weekly High	132.1
Previous Weekly Low	95.8749
Previous Monthly High	114
Previous Monthly Low	74.254
Daily Fibonacci 38.2%	99.6302
Daily Fibonacci 61.8%	100.8693
Daily Pivot Point S1	98.7912
Daily Pivot Point S2	95.5825
Daily Pivot Point S3	93.5405
Daily Pivot Point R1	104.0419
Daily Pivot Point R2	106.0839
Daily Pivot Point R3	109.2926

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

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