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FxWirePro: USD/RUB hovers around 65.00 mark, bias bearish below 66.76

USD/RUB is currently trading around 64.93 levels. It made intraday high at 66.23 and low at 63.41 levels. Intraday bias remains bearish till the time pair holds key resistance at 66.76 levels. Alternatively, reversal fro…

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FxWirePro: USD/RUB hovers around 65.00 mark, bias bearish below 66.76
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  • USD/RUB is currently trading around 64.93 levels.
     
  • It made intraday high at 66.23 and low at 63.41 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 66.76 levels.
     
  • Alternatively, reversal from key resistance area will drag the parity down towards key support at 63.58 marks.
     
  • Initial support levels are seen at 64.52, 63.58 and 62.65 marks respectively.
     
  • On the top side, key resistances are seen at 65.72, 66.06 and 67.00 levels 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 around 65.00, stop loss 66.76 and take profit 62.78 levels.

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