Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the decline and formation of the «Wolfe Wave» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.62. At the moment, we should expect an attempt to fall and a test of the support level near the 65.15 Ruble area for the US Dollar. Then, the pair continues to grow to an area above the level of 67.55.
USD/RUB Forecast Russian Ruble February 27, 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 test of the lower boundary of the model. Cancellation of the option of raising the pair USD/RUB on FOREX will be a fall and a breakdown of the level of 64.00 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 63.05. Confirmation of the growth of the pair will break the resistance level and close above the level of 66.15.
USD/RUB Forecast Russian Ruble February 27, 2019 implies an attempt to test the support level near the 65.15 area. Where can we expect a rebound and the continuation of the growth of the dollar against the ruble with a target above the level of 67.55. 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 quotes below 64.00.