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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 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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