USD/RUB advances to highs around 64.00

The greenback remains on a firm note at the end of the week vs. its rivals, taking USD/RUB to the upper bound of the range above the 64.00 handle.

USD/RUB stronger on dollar, oil

The pair has reverted yesterday’s drop to fresh multi-day lows in the 63.40 area following a fresh bid tone around the greenback, which seems to have shrugged off recent dovish tone from the FOMC minutes published on Wednesday.

Adding to RUB selling, crude oil prices are retreating from recent tops, dragging the barrel of Brent crude to the mid-$50.00s today, shedding nearly 1%.

USD/RUB levels to watch

At the moment the pair is advancing 0.66% at 64.08 and a break above 64.66 (55-day sma) would open the door to 65.19 (20-day sma) and then 67.17 (high Jul.29). On the flip side, the immediate support is located at 62.75 (2016 low Jul.14)followed by 62.04 (low Nov.4 2015) and finally 60.70 (low Oct.9 2015).