USD/RUB retreats from highs on USD weakness

Despite the poor US data and the sell-off in the greenback, USD/RUB keeps its moderate gains today although now deflating from daily highs.

USD/RUB attention to USD

The pair is now attempting a consolidative theme around 64.60 in spite of the miserable prints from US Retail Sales during July, with headline sales coming in flat vs. a 0.4% gain initially forecasted.

On the RUB-side, the barrel of Brent crude is trading with decent gains amidst choppy trade, testing the $46.20/30 area as of writing.

Later in the NA session, the advanced gauge of August’s US Consumer Sentiment tracked by the Reuters/Michigan index us expected at 91.5 from July’s 90.0.

USD/RUB levels to watch

At the moment the pair is advancing 0.46% at 64.60 and a break above 67.15 (high Jul.29) would aim for 67.67 (high Jun.2) and then 68.85 (200-day sma). On the other direction, the next support aligns at 64.18 (low Aug.10) followed by 62.75 (2016 low Jul.14) and finally 62.04 (low Nov.4 2015).