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FxWirePro: Russian Rouble continues to fall against US dollar, buy on dips

USD/RUB is currently trading at 71.1015 levels. It made intraday high at 71.7225 and low at 70.7070 levels. Intraday bias remains bullish till the time pair holds key support at 69.7806 levels. A daily close below key su…

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FxWirePro: Russian Rouble continues to fall against US dollar, buy on dips
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  • USD/RUB is currently trading at 71.1015 levels.
     
  • It made intraday high at 71.7225 and low at 70.7070 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 69.7806 levels.
     
  • A daily close below key support will drag the parity towards 68.04/ 64.42 levels thereafter.
     
  • Alternatively, reversal from key support area will drag the parity towards key resistance at 73.30 marks.

We prefer to take long position in USD/RUB around 71.00, stop loss 68.75 and take profit at 73.30 levels.

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