USD/RUB climbs to fresh highs above 66.00

The Russian currency keeps losing ground this week, now lifting USD/RUB to test fresh tops above the 66.00 mark.

USD/RUB focus on oil, CBR

RUB depreciated further as the broad-based selling mood around crude oil prices remains unabated, with the barrel of Brent crude trading in the sub-$44.00 area, levels last seen in mid-April.

In addition, RUB remains under pressure in light of the upcoming CBR decision rate due tomorrow. Prior surveys expect the central bank to keep its monetary stance on hold, with the benchmark rate at 10.50%.

USD/RUB levels to watch

At the moment the pair is advancing 0.73% at 66.41 facing the next resistance at 67.67 (high Jun.2) ahead of 68.72 (200-day sma) and then 69.63 (high Mar.24). On the downside, a break below 64.96 (55-day sma) would open the door to 64.31 (20-day sma) and then 62.75 (2016 low Jul.14).