Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the upcoming «Wolfe Wave» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.84. At the moment, we should expect an attempt to fall and a test of the support level near the area of 63.75 Rubles for the US Dollar. Then, the pair continues to grow to an area above 67.25.
USD/RUB Forecast Russian Ruble April 18, 2019
A test of the support line on the relative strength index (RSI) will be in favor of the USD/RUB rise on April 18, 2019. The second signal will be a rebound from the support level. Cancellation of the option of raising the pair USD/RUB on FOREX will be a fall and a breakdown of the level of 63.30 Rubles per Dollar. This will indicate a breakdown of the support area and a continued decline of the Dollar/Ruble pair to an area below the level of 62.65. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 65.65.
USD/RUB Forecast Russian Ruble April 18, 2019 implies an attempt to test the support level near 63.75. Where should we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 67.25. An additional signal in favor of raising the pair will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing of quotes below the level of 63.30.
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