USD/RUB weaker, around 63.80 on oil gains

The Russian currency is trading on a firm fashion on Thursday, now dragging USD/RUB to briefly test fresh lows in the 63.60 area.

USD/RUB lower on USD sellind, Brent gains

The pair’s decline gained extra traction following the generalized selling bias in the greenback after yesterday’s FOMC meeting and Yellen’s press conference.

In the same direction, crude oil prices continues their recovery, lifting the barrel of Brent crude back above the $47.00 mark, up nearly 1% for the day and in turn supporting the case for a stronger RUB.

USD/RUB levels to watch

At the moment the pair is retreating 0.04% at 63.81 and a break below 63.41 (low Aug.18) would expose 62.75 (low Jul.14) and then 62.04 (low Nov.4 2015). On the other hand, the next resistance lines up at 64.97 (100-day sma) ahead of 65.46 (high Sep.13) and finally 65.97 (high Sep.1).