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FxWirePro: Russian rouble continues to add strength against US dollar, sell on rallies

  • USD/RUB is currently trading around 67.7121levels.
     
  • It made intraday high at 68.7060 and low at 67.7245 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 69.0017 levels.
     
  • Alternatively, reversal from key resistance area will drag the parity down towards key support at 66.50/65.60 marks.
     
  • In addition, 20D, 30D and 55D EMA heads down and confirms bearish trend.

    We prefer to take short position in USD/RUB around 68.00, stop loss 69.0017 and take profit at 66.50/ 65.60 levels.
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