Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 66.52. At the moment, it is worth expecting an attempt to correct and test the support level near the 65.65 Ruble area for the US Dollar. Then, the pair continues to grow to an area above 69.90.
USD/RUB forecast Russian Ruble December 4, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the growth of the USD/RUB pair. As well as a rebound from the lower boundary of the model «Triangle». Cancellation of the growth option of the USD/RUB pair on Forex will be a fall and a breakdown of the level of 65.20 Rubles per Dollar. This will indicate areas of support and the continuation of the decline of the Dollar/Ruble pair to an area below the level of 63.55. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the «Triangle» model and the closure above 67.45.
USD/RUB forecast Russian Ruble December 4, 2018 implies an attempt to test the support level near 65.65. Where should we expect a rebound and the continued growth of the dollar against the ruble with a target above 69.90. An additional signal in favor of the pair growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the lifting option will be a breakdown of the support area and closing of quotes below the level of 65.20.
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