FxWirePro: Russian rouble hovers around fresh 5 –month high against US dollar, a break below targets 61.07
Thursday, April 28, 2016 6:18 AM UTC
- 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.