Today's AZN to RUB Price Update

Summary

This report provides the real-time exchange rate between the Azerbaijani Manat (AZN) and the Russian Ruble (RUB), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, while the Russian Ruble (RUB) is the primary fiat currency of Russia. The exchange rate between them reflects regional economic dynamics and currency market sentiment between these two neighboring economies.

Today’s Price

• 1 AZN = 45.6 RUB
• 24h High: 46.2775 RUB
• 24h Low: 45.7259 RUB

Market Analysis

Recent AZN/RUB price movements reflect the pair’s interaction with key technical levels and moving average indicators.

• Technical levels: The 50-day moving average stands at 45.6271, suggesting a Sell signal. Key support and resistance levels should be identified through analysis of historical price levels and swing highs and lows on the price chart
• Risk note: Traders should monitor potential price reversals at identified support and resistance zones, as these levels are crucial for determining where the price of the asset is likely to experience reversals
• Trading opportunities: Focus on identifying support and resistance levels using technical analysis tools such as trendlines, moving averages, and Fibonacci retracements to gain valuable insights into market trends and potential price reversals

Conclusion

Continue to monitor the AZN/RUB pair closely, applying technical analysis methods to identify key support and resistance levels. By understanding market structure and price action, traders can develop more informed strategies for this currency pair.