- USD/RUB is currently trading around 64.93 levels.
- It made intraday high at 66.23 and low at 63.41 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 66.76 levels.
- Alternatively, reversal from key resistance area will drag the parity down towards key support at 63.58 marks.
- Initial support levels are seen at 64.52, 63.58 and 62.65 marks respectively.
- On the top side, key resistances are seen at 65.72, 66.06 and 67.00 levels 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 around 65.00, stop loss 66.76 and take profit 62.78 levels.
The material has been provided by InstaForex Company – www.instaforex.com