USD/RUB has the 153 and 163 marks in its crosshairs – SocGen

USD/RUB has experienced a parabolic uptrend. Next upside targets aligns at 153 and 163, economists at Société Générale report.

Signals of reversal are still not visible

“Signals of reversal are still not visible; February high of 118 and daily Kijun line at 108 are near-term supports.” 

“Next projections are located at 153 and 163.”