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 66.82. At the moment, we should expect an attempt to correct and test the support level near the region of 66.45 Rubles for the US Dollar. Then, the pair continues to grow to an area above the level of 68.35.
USD/RUB forecast Russian Ruble December 7, 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 65.80 Rubles per Dollar. This will indicate areas of support and the continuation of the decline of the Ruble/Dollar pair to an area below 64.80. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the «Triangle» model and closing above the level of 67.20.
USD/RUB forecast Russian Ruble December 7, 2018 involves an attempt to test the support level near the 66.45 area. Where can we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 68.35. 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 65.80.