Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a decline. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 64.10. At the moment, we should expect an attempt to continue the decline and test the support level near the region of 63.85 Rubles for the US Dollar. Then, the pair continues to grow to an area above 66.50.
USD/RUB Forecast Russian Ruble April 25, 2019
The formation of the «Head and Shoulders» reversal pattern on the relative strength index (RSI) will be in favor of the USD/RUB rise on April 25, 2019. Cancellation of the option of raising the pair USD/RUB on FOREX will be a fall and a breakdown of the level of 62.75 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 62.15. Confirmation of the growth of the pair will be the breakdown of the resistance area and the close above the level of 65.05.
USD/RUB Forecast Russian Ruble April 25, 2019 implies an attempt to test the support level near the 63.85 area. Where can we expect a rebound and the continued growth of the dollar against the ruble with a goal above the level of 66.50. 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 quotes below the level of 62.75.
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