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Sep 3, 2014
USD/RUB lost all the September gains in a second
FXStreet (Moscow) - USD/RUB opened the day at 37.35, but was quick to react to the news on cease-fire agreement sending the pair to 36.78 low not seen from August, 28.
But for the new sanctions
The news that Russian and Ukrainian Presidents have agreed on permanent cease-fire in the eastern Ukraine revived risk appetite in the markets. It helped the Russian Ruble recover its September losses, and come back below 37.00 area. However, the pair may still resume the rise given the speculation over a new round of sanctions from the EU that may be launched already this Friday. In this case the initial target to the upside may lie at 37.21 resistance level.
What are today’s key USD/RUB levels?
Currently, the pair is trading at 36.85. Today's central pivot point can be found at 37.05, with initial support below at 37.21, and 37.45. The resistance may be found above at 35.24, 35.33, and 35.60.
But for the new sanctions
The news that Russian and Ukrainian Presidents have agreed on permanent cease-fire in the eastern Ukraine revived risk appetite in the markets. It helped the Russian Ruble recover its September losses, and come back below 37.00 area. However, the pair may still resume the rise given the speculation over a new round of sanctions from the EU that may be launched already this Friday. In this case the initial target to the upside may lie at 37.21 resistance level.
What are today’s key USD/RUB levels?
Currently, the pair is trading at 36.85. Today's central pivot point can be found at 37.05, with initial support below at 37.21, and 37.45. The resistance may be found above at 35.24, 35.33, and 35.60.