18 Jul 2014
USD/RUB is very nervous after US sanctions and air crash
FXStreet (Moscow) - USD/RUB opened the day with a gap higher at 34.69, and kept rising reaching 1.5-month high at 35.29, as recent events pressure the Russian Ruble.
New sanctions?
The pair refreshed the June high at 35.29 on concerns the new wave of sanctions against Russia will be imposed, as some officials already blame the Kremlin in the recent Malaysian plane crash on the territory occupied by the Ukrainian rebels. If more official comments claiming the Russian guilt follows, it may put the Russian Ruble under additional pressure with the next target at 35.56 level from current 35.05.
What are today’s key USD/RUB levels?
Today's central pivot point can be found at 34.97, with support below at 34.67 (S1), 34.08 (S2) and 33.78 (S3), with resistance above at 35.56 (R1), 35.87(R2), and 36.45 (R3). Hourly Moving Averages are largely bullish, with the 200SMA at 34.35 and the daily 20EMA bullish at 34.38. Hourly RSI is bullish at 51.
New sanctions?
The pair refreshed the June high at 35.29 on concerns the new wave of sanctions against Russia will be imposed, as some officials already blame the Kremlin in the recent Malaysian plane crash on the territory occupied by the Ukrainian rebels. If more official comments claiming the Russian guilt follows, it may put the Russian Ruble under additional pressure with the next target at 35.56 level from current 35.05.
What are today’s key USD/RUB levels?
Today's central pivot point can be found at 34.97, with support below at 34.67 (S1), 34.08 (S2) and 33.78 (S3), with resistance above at 35.56 (R1), 35.87(R2), and 36.45 (R3). Hourly Moving Averages are largely bullish, with the 200SMA at 34.35 and the daily 20EMA bullish at 34.38. Hourly RSI is bullish at 51.