- USD/RUB is currently trading around 64.32 levels.
- It made intraday high at 64.44 and low at 63.80 levels.
- Intraday bias remains neutral for the moment.
- A daily close below 64.00 mark will tests key supports at 63.58 and 62.65 marks respectively.
- On the top side, key resistances are seen at 64.71, 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. Current upside movement is short term trend correction only.
We prefer to take long position in USD/RUB around 64.20, stop loss 63.50 and target 65.72 marks.
The material has been provided by InstaForex Company – www.instaforex.com