USDRUB long view

The dollar's value against the Russian ruble has more than doubled in the last ten years. In 2012 the USDRUB exchange rate ranged from 29.0000-34.0000, while in 2022, the current USDRUB exchange rate was 79.4000. This shows us that the value of the Russian ruble has fallen by two and a half times in the last ten years, and current global developments could continue the further collapse of the Russian ruble. The first major fall in the ruble occurred in 2014 when the conflict between Russia and Ukraine began, and then the USDRUB jumped to 79.5000 level where we are now. Two years later, in 2016, the ruble fell to its historical level of 85.9300, after which the USDRUB exchange rate retreated, and again in 2020 at the beginning of the pandemic climbed above 80,000, forming the current high to 83,000.
It is very likely that we will soon see the USDRUB pair test its historical high again at 85.9300, and if this crisis continues and deepens, even more, we may see this pair at new historical levels on the chart. The pair has technical support in moving averages to continue the bullish trend. Our intermediate target is the previous high from 2020.