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FxWirePro: Russian rouble hovers around fresh 5 –month high against US dollar, a break below targets 61.07

USD/RUB is currently trading around 65.03 levels. It made intraday high at 65.37and low at 65.00 levels. Intraday bias remains neutral till the time pair holds key support at 64.98 levels. Alternatively, reversal from ke…

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FxWirePro: Russian rouble hovers around fresh 5 –month high against US dollar, a break below targets 61.07
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  • USD/RUB is currently trading around 65.03 levels.
     
  • It made intraday high at 65.37and low at 65.00 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 64.98 levels.
     
  • Alternatively, reversal from key support area will drag the parity higher towards key resistance at 66.97 marks.
     
  • A daily close below 64.98 will target next support at 62.22 and 61.07 marks respectively.
     
  • 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 only below 64.98, stop loss 65.97 and take profit at 62.22/ 61.07 levels.

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