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 65.86. At the moment, we should expect an attempt to grow and test the resistance level near the region of 66.30 Rubles per US Dollar. Then, the continuation of the fall of the pair in the area below 64.30.
USD/RUB Forecast Russian Ruble February 8, 2019
The test of the resistance line on the relative strength index (RSI) will be in favor of the fall of the USD/RUB pair. As well as a rebound from the area of resistance. Cancellation of the fall option of the USD/RUB pair on Forex will be a strong growth and the breakdown of the level of 67.05 Rubles per US Dollar. This will indicate a breakdown of the resistance area and continued growth of the Dollar/Ruble pair to an area above the level of 68.55. Confirmation of the fall of the pair will make a breakdown of the support level and closing below 64.85.
USD/RUB Forecast Russian Ruble February 8, 2019 implies an attempt to test the resistance level near 66.30. Where can we expect a rebound and the continuation of the fall of the dollar against the ruble with a target below 64.30. An additional signal in favor of the pair falling will be the test of the resistance area on the relative strength index (RSI). Cancellation of the reduction option will be the breakdown of the resistance area and closing of quotes above the level of 67.05.
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