Psychological level acts as a local support level (might be long-term). History shows that it used to act like a resistance. Side trend with decreasing volatility is expected. Pattern formations will occur within the geometric range of triangle. Breaking above/below a line of fib channel is a signal of movement to the next series of fib ratios. Scheme covers all unexpected oil factors. Political factors such as undiplomatic tensions between Russia and “The West” also play significant role in this currency pair fluctuations.
Watch out for financial sanctions against Russian government bonds.
Crossing above red resistance downward line is a bad sign for Russian Ruble performance. Price crossing below psychological level is a signal to start accumulating US Dollar in exponential lots.