The Russian currency on Friday lost a part of earlier positions. Couple USDRUB rebounded to around 31.75 , the cause of which was the weak oil prices.
Fundamental factors so far is in favor of the ruble. Domestic economic data continue to recover - the index of business activity in the service sector in September and August was up 50 points. The external background is also very positive - Oil prices slipped , though in the current month due to resolution of the conflict in Syria, but still remain near the 110.00 dollars per barrel , the statistics on the largest regions as a whole continues to show a positive trend in the global economy . All this suggests that the worst-case scenario with regard to the Russian economy , it seems, was not justified , that is an absolute positive for the ruble.
Technically, the picture for the Russian currency also is in favor of strengthening . ADX went below the level of 30 , indicating a low power current local weakening , while Stohastic struck the 80th level and indicates a possible pullback soon in the coming hours. Both say the same indicator with the preservation of the capacity strengthening of the ruble. " Bollinger Bands ", in turn, show gipervolatilnotst , indicating an extremely high volatilnotst couples during the day.
As a result , we are positive about the prospects of the Russian currency in the coming days. However, the potential appreciation of the ruble will be fairly moderate.
