FxWirePro: USD/RUB hits fresh 9 –month low at 61.73 mark, break below targets 60.76 mark
USD/RUB is currently trading around 64.26 levels. It made intraday high at 65.00 and low at 61.73 levels. Intraday bias remains neutral for the moment. Pair hits fresh 9 –month low at 61.73 marks but the movement was tem…
It made intraday high at 65.00 and low at 61.73 levels.
Intraday bias remains neutral for the moment.
Pair hits fresh 9 –month low at 61.73 marks but the movement was temporary and currently stabilises above 64.00 levels.
A daily close below 62.00 mark will tests key supports at 60.76, 59.67 and 58.15 marks respectively.
On the top side, key resistances are seen at 64.71, 65.72, 66.06 and 67.32 levels respectively.
Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
