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Russian Rouble erases previous gain against US dollar, buy on dips

Pair is currently trading around 77.10 levels. It made intraday high at 77.70 and low at 75.94 levels. Intraday bias remains bullish till the time pair holds key support levels at 73.87 levels. Current rebound from key s…

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Russian Rouble erases previous gain against US dollar, buy on dips
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  • Pair is currently trading around 77.10 levels.
     
  • It made intraday high at 77.70 and low at 75.94 levels.
     
  • Intraday bias remains bullish till the time pair holds key support levels at 73.87 levels.
     
  • Current rebound from key support level will take the pair towards 82.66 and 86.00 levels thereafter.
     
  • Alternatively, a daily close below 75.94 levels will drag the parity towards 71.11 levels.

We prefer to take long position in USD/RUB around 77.00, stop loss 75.94 and target 80.62/83.00 thereafter. 

 

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