USD/RUB finds support near 62.00 ahead of NFP

The Russian currency is now depreciating further vs. its American peer on Friday, with USD/RUB hovering over the mid-62.00s for the time being.

USD/RUB attention to Payrolls

The greenback remains on the firm footing vs. its rivals at the end of the week, this time lifting the pair from yesterday’s lows in the 62.00 neighbourhood and snapping a 2-session negative streak.

In the meantime, the ongoing rally in crude oil prices seems to be taking a breather today, with the barrel of Brent crude down smalls to the $52.40 area and thus removing some tailwinds from RUB.

Later in the session, the pair will remain vigilant on the release of US Non-farm Payrolls, with prior surveys seeing the economy to have added 172K jobs during September.

USD/RUB levels to watch

At the moment the pair is up 0.52% at 62.41 and a break above 63.72 (20-day sma) would aim for 64.25 (high Sep.26) and finally 64.556 (55-day sma). On the other hand, the immediate support lines up at 62.16 (2016 low Oct.3) followed by 62.04 (low Nov.4 2015) and then 60.70 (low Oct.9 2015).