USD/RUB’s swift ascent from its current March low at 72.54 has propelled it to a four month high at 77.00 below which it is currently consolidating. In the view of Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, a rise above the high at 77.00 would be bullish and target 79.99/80.94. Key quotes “Once the four month high at 77.00 is overcome, we would turn bullish again and target the September and November highs at 79.99/80.94. On the way up would be the 77.71 mid-November high, the 78.47 mid-October high and also the 78.89 early October high.” “Good support now comes in between the 75.07/74.96 late February and early March highs and the 200 and 55-day moving averages at 74.60/44.” “Key support remains to be seen at the 72.65/54 December-to-March lows.” “Only if the recent low at 72.54 were to unexpectedly be slipped through, would the early July high at 72.31 be in focus.” 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 GBP/USD: Two steps forward, one step back, bulls eye 1.39 as upside target Yohay Elam 1 year USD/RUB's swift ascent from its current March low at 72.54 has propelled it to a four month high at 77.00 below which it is currently consolidating. In the view of Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, a rise above the high at 77.00 would be bullish and target 79.99/80.94. Key quotes "Once the four month high at 77.00 is overcome, we would turn bullish again and target the September and November highs at 79.99/80.94. On the way up would be the 77.71 mid-November high, the 78.47 mid-October high and also the 78.89 early October high." "Good support… 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.