Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Russian rouble fails to fall below key support at 67.42, good to buy on dips

  • USD/RUB is currently trading around 68.7198 levels.
     
  • It made intraday high at 69.2450 and low at 67.5951 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 67.2782 levels.
     
  • A daily close below key support will drag the parity towards 64.42 levels.
     
  • Alternatively, reversal from key support area will drag the parity towards key resistance at 71.72/73.30 marks.
     
  • Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.

 

We prefer to take long position in USD/RUB around 68.50, stop loss 67.27 and take profit at 7172 levels.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.