Commerzbank analyst Axel Rudolph says that if the USD/RUB pair falls through March low of 63.59, it could target 63.19/03 area, where the 50% retracement of the 2018 advance and the 200-week moving average is located. “There the decline may level out, though,” Rudolph adds. Key quotes “Good resistance can be seen between the October, January and February lows and the 55 day moving average at 64.85/65.19.” “Further resistance comes in between the current April high and the 200 day moving average at 66.10. Resistance above the 200 day moving average at 66.10 can be spotted at the March high at 66.52.” “Further up sits the February high at 67.16, only a rise above which would neutralise our medium-term outlook and put the November high at 68.27 back on the cards.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY accelerates decline to multi-day lows record levels in Wall Street FX Street 4 years Commerzbank analyst Axel Rudolph says that if the USD/RUB pair falls through March low of 63.59, it could target 63.19/03 area, where the 50% retracement of the 2018 advance and the 200-week moving average is located. "There the decline may level out, though," Rudolph adds. Key quotes "Good resistance can be seen between the October, January and February lows and the 55 day moving average at 64.85/65.19." "Further resistance comes in between the current April high and the 200 day moving average at 66.10. Resistance above the 200 day moving average at 66.10 can be spotted at the March high… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
