USD/RUB is currently trading around 63.90 levels. It made intraday high at 66.04 and low at 63.32 levels. Intraday bias remains neutral for the moment. Pair is moving well in range bound directions. A break of either sid…
It made intraday high at 66.04 and low at 63.32 levels.
Intraday bias remains neutral for the moment.
Pair is moving well in range bound directions. A break of either side will only provide the short term trend for the parity.
A daily close below 63.26 mark will tests key supports at 62.65 and 62.21 marks respectively.
On the top side, key resistances are seen at 64.71, 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.
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.
