USD/RUB back to positive ground near 64.50

After bottoming out in the 64.30 region, USD/RUB has managed to pick some pace and is now testing the 64.45/50 band.

USD/RUB focus on OPEC, USD

The pair is now posting marginal gains in the mid-64.00s, as the greenback has practically faded the earlier drop to the 64.30 area.

Collaborating with the offered bias in RUB, crude oil prices are extending the weekly consolidative theme, with the barrel of Brent crude hovering over the $49.00 mark for the time being.

On the Russian data front, CBR’s FX Reserves have ticked lower to $389.4 billion during last week vs. $393.1 billion previous. Next on tap in the US data space, Markit’s Services PMI and Goods Trade Balance figures are due tomorrow.

USD/RUB levels to watch

At the moment the pair is gaining 0.12% at 64.54 and a surpass of 64.78 (high Nov.24) would expose 65.30 (high Nov.18) and finally 66.07 (200-day sma). On the flip side, the next support is located at 63.64 (55-day sma) followed by 63.49 (low Nov.22) and then 63.25 (low Nov.9).