USD/RUB: Downside Accelerated Below 64.34 – BBH

USD/RUB: Downside Accelerated Below 64.34 – BBH

5 May 2016, 09:05
Roberto Jacobs
0
9

USD/RUB: Downside Accelerated Below 64.34 – BBH

Analysts at BBH suggested the pair could met further downside pressure following a break below 64.34.

Key Quotes

USD/RUB retraced the entire November-January rise before this week’s correction”.

“A break below the November 20 low near 64.34 and then the November 3 low near 62.34 would set up a test of the October 16 low near 60.59”.

“The 200-day MA comes in near 68.80. Retracement objectives from the January-April drop come in near 72.40, 75.00, and 77.60”.


fxs_logo_news.png

Share it with friends: