Technicals

Add as a preferred source on Google

FxWirePro: Russian rouble erases previous gain against US dollar, intraday bias remains bullish

USD/RUB is currently trading around 68.80 levels. It made intraday high at 68.91 and low at 67.28 levels. Intraday bias remains bullish till the time pair holds key support at 66.73 levels. Alternatively, reversal from k…

1 min read
FxWirePro: Russian rouble erases previous gain against US dollar, intraday bias remains bullish
Image from the original EconoTimes article

Read the original article

  • USD/RUB is currently trading around 68.80 levels.
     
  • It made intraday high at 68.91 and low at 67.28 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 66.73 levels.
     
  • Alternatively, reversal from key resistance 69.57 area will drag the parity down towards key support at 66.50/65.60 marks.
     
  • A sustained close above key resistance will take the parity up towards 71.08 marks.
     
  • Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.

We prefer to take short position in USD/RUB around 69.00, stop loss 69.57 and take profit at 66.73 levels.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560