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- USD/RUB is currently trading around 68.50 levels.
- It made intraday high at 69.00 and low at 67.52 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 70.9132 levels.
- Alternatively, reversal from key resistance area will drag the parity down towards key support at 66.50 marks.
- 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 around 69.00, stop loss 70.9132 and take profit at 67.00/ 66.34 levels.
