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5 May 2016
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”.
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”.