USD/RUB Off 2016 Lows, Retakes 65.00
The Russian Rouble is now surrendering part of its recent gains vs. the dollar, with USD/RUB advancing to session highs near 65.40.
USD/RUB focus on oil
The
pair is posting gains for the first time after three consecutive
pullbacks, backed by a now softer tone around crude oil prices and
coming down from post-Doha tops near 68.80 on Monday.
The barrel
of Brent crude is now deflating from previous tops above the $46.00
mark, returning to the $45.70 area amidst a renewed buying interest in
the greenback, all collaborating with the daily upside.
Data wise
later, the CBR will publish its FX reserves, while Initial Claims and
the manufacturing index gauged by the Philly Fed are expected in the US
economy.
USD/RUB levels to watch
At the
moment the pair is up 0.21% at 65.32 facing the next resistance at 67.08
(20-day sma) followed by 69.47 (high Apr.5) and then 68.44 (200-day
sma). On the other hand, a breakdown of 64.65 (2016 low Apr.20) would
open the door to 62.04 (monthly low Nov.4 2015) and then 60.70 (monthly
low Oct.9 2015).
