Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.55. At the moment, we should expect an attempt to reduce and test the support level near the area of 65.30 Rubles per US Dollar. Then, the pair continues to grow to an area above 67.00.
USD/RUB Forecast Russian Ruble February 12, 2019
The test of the support line on the relative strength index (RSI) will be in favor of the growth of the USD/RUB pair. The second signal will be the formation of the «Head and Shoulders» reversal pattern. Cancellation of the option of raising the pair USD/RUB on FOREX will be a fall and a breakdown of the level of 65.00 Rubles per Dollar. This will indicate a breakdown of the support area and the continuation of the fall of the Dollar/Ruble pair to an area below the level of 63.75. Confirmation of the growth of the pair will break the resistance level and close above 66.35.
USD/RUB Forecast Russian Ruble February 12, 2019 implies an attempt to test the support level near the 65.30 area. Where should we expect a rebound and the continued growth of the dollar against the ruble with a goal above the level of 67.00. An additional signal in favor of raising the pair will be the test of the support area on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing of quotations below 65.00.