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 65.41. At the moment, we should expect an attempt to fall and a test of the support level near the 64.35 Ruble area for the US Dollar. Then, the pair continues to grow to an area above 68.25.
USD/RUB Forecast Russian Ruble April 3, 2019
A test of the support line on the relative strength index (RSI) will be in favor of the USD / RUB rise on April 3, 2019. The second signal will be the formation of an inverted model of «Head and Shoulders». Cancellation of the option of raising the pair USD/RUB at FOREX will be a fall and a breakdown of the level of 63.35 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 62.55. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 66.35.
USD/RUB Forecast Russian Ruble April 3, 2019 implies an attempt to test the support level near the 64.35 area. Where should we expect a rebound and the continued growth of the dollar against the ruble with a goal above the level of 68.25. 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 the closing of quotations below 63.35.