USDRUB sideway consolidation

The USDRUB pair was in the range of 95,000-105.00 this week. We did not have any significant jumping below and above the support and resistance zones. If we follow the moving averages, we will notice that the pair has fallen below the MA200 moving average, which may signify increased bearish pressure. For the bearish option, we need a drop to support at 90,000. If the bearish pressure continues, our next support is at 80,000, the place where we were before the conflict in Ukraine. We need better positive consolidation and return first above the MA20 and MA50 moving averages for the bullish option. Then again, we come to the resistance at 105,000 level. A break above could take us up to 110,000 levels and an MA200 moving average. A break above would increase the bullish pressure, and our first next resistance is at 120,000 levels. If we see a jump above, then we can expect the potential formation of a new all-time high.