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 66.42. At the moment, we should expect an attempt to reduce and test the support level near the region of 66.00 Rubles for the US Dollar. Then, the pair continues to grow to an area above 69.75.
USD/RUB Forecast Russian Ruble January 18, 2019
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 65.70 rubles per dollar. This will indicate the lower limit of the «Triangle» model and the continuation of the fall of the Dollar/Ruble pair to an area below 64.25. Confirmation of the growth of the pair will be the breakdown of the resistance area and the close above the level of 68.05.
USD/RUB Forecast Russian Ruble January 18, 2019 implies an attempt to test the support level near 66.00. Where can we expect a rebound and the continuation of the growth of the dollar against the ruble with a goal above the level of 69.75. An additional signal in favor of growth of the pair will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the lower boundary of the channel and closing of quotations below the level of 65.70.