During Friday’s trading session USD/RUB traded within the range of 35.040-35.337 and closed at 35.233.
At 8:01 GMT today USD/RUB was losing 0.16% for the day to trade at 35.178. The pair touched a daily low at 35.061 at 7:44 GMT.
Fundamental view
The US Federal Budget Surplus probably expanded to $114 in April, after a $36.9 billion deficit in the previous month.
The monthly newsletter on revenue and expenditure of the United States Government (MTS) is prepared by the Office of Financial Management at the Ministry of Finance after approval by the Assistant Secretary of the Treasury. The newsletter covers the financial activities of the Federal Government and non- budgetary activities carried out in accordance with the budget of the U.S. government, ie revenue and expenditure of funds, deficit or surplus, which means cover the deficit or surplus allocation. The main information sources include accounting data reported by federal sources, tax and regional structures of FED.
The US Department of the Treasury will publish its report at 18:00 GMT.
Technical view
According to Binary Tribune’s daily analysis, in case USD/RUB manages to breach the first resistance level at 35.367, it will probably continue up to test 35.500. In case the second key resistance is broken, the pair will probably attempt to advance to 35.664.
If USD/RUB manages to breach the first key support at 35.070, it will probably continue to slide and test 34.906. With this second key support broken, the movement to the downside will probably continue to 34.773.
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