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FxWirePro: Russian rouble hovers around fresh 5 –month high against US dollar, a break below targets 61.07

  • USD/RUB is currently trading around 65.03 levels.
     
  • It made intraday high at 65.37and low at 65.00 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 64.98 levels.
     
  • Alternatively, reversal from key support area will drag the parity higher towards key resistance at 66.97 marks.
     
  • A daily close below 64.98 will target next support at 62.22 and 61.07 marks respectively.
     
  • Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.

    We prefer to take short position in USD/RUB only below 64.98, stop loss 65.97 and take profit at 62.22/ 61.07 levels.
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