Russian Rouble continues to gain against US dollar, hits 2 month high

• USD/RUB is currently trading at 68.2338 levels.
   
• It made intraday high at 69.7355 and low at 68.2264 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 71.7225 levels.
   
• The key factor behind positive rouble’s movement is dovish position of the U.S. Federal Reserve and strengthening oil prices.
   
• A daily close below key support will drag the parity towards 68.08/ 64.42 levels thereafter.
   
• Alternatively, reversal from key support area will drag the parity towards key resistance at 71.72/73.30 marks.

We prefer to take short position in USD/RUB around 68.70, stop loss 69.7355 and take profit at 64.42 levels.