Axel Rudolph, Senior Analyst at Commerzbank, noted the pair is expected to extend the sideline theme for the time being. Key Quotes “USD/RUB was approaching the May, June and early July highs at 63.84/64.28 before coming off again”. “While this area continues to cap, further range trading should be on the cards with the 55 day moving average at 62.59 likely to be retested”. “More important support comes in at the 60.58/51 November high and mid-April low. While this support zone underpins, we will retain our longer-term still bullish forecast”. “Were a rise and daily chart close above the 64.21/28 area to be made, however, the April high at 65.04 would be back in the picture”. 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 NEM (XEM) prepares to unleash latest blockchain applications: NEM trading volume falls by 25.25% FX Street 5 years Axel Rudolph, Senior Analyst at Commerzbank, noted the pair is expected to extend the sideline theme for the time being. Key Quotes "USD/RUB was approaching the May, June and early July highs at 63.84/64.28 before coming off again". "While this area continues to cap, further range trading should be on the cards with the 55 day moving average at 62.59 likely to be retested". "More important support comes in at the 60.58/51 November high and mid-April low. While this support zone underpins, we will retain our longer-term still bullish forecast". "Were a rise and daily chart close above the 64.21/28… 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.
