Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the decline. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 66.88. At the moment, we can expect an attempt to grow and test the resistance level near the area of 67.40 rubles for the US dollar. Then, the continuation of the fall of the pair in the area below the level of 65.75.
USD/RUB Forecast Russian Ruble January 10, 2019
The test of the trend 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 lower boundary of the rising channel. Cancellation of the option to reduce the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 68.10 rubles per dollar. This will indicate areas of resistance and continued growth of the Dollar/Ruble pair to an area above 69.50. Confirmation of the fall of the pair will be the breakdown of the support area and closing below 66.65.
USD/RUB Forecast Russian Ruble January 10, 2019 involves an attempt to test the resistance level near the 67.40 area. Where can we expect a rebound and the continuation of the fall of the dollar against the ruble with a target above the level of 65.75. An additional signal in favor of reducing the pair will be the test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be the breakdown of the resistance area and closing of quotations above the level of 68.10.