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 65.85. At the moment, we should expect an attempt to grow and test the resistance level near the area of 66.25 Rubles for the US Dollar. Then, the continuation of lowering the pair to the area below 65.00.
USD/RUB Forecast Russian Ruble January 25, 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. Cancellation of the option to reduce the USD/RUB pair on FOREX will be a strong growth and a breakdown of the level of 66.85 rubles per dollar. This will indicate a breakdown of the upper boundary of the downward channel and the continued growth of the Dollar/Ruble pair in the region above the level of 67.75. Confirmation of the fall of the pair will break the support area and close below 65.55.
USD/RUB Forecast Russian Ruble January 25, 2019 involves an attempt to test the resistance level near 66.25. Where can we expect a rebound and the continuation of the depreciation of the dollar against the ruble with a target below the level of 65.00. An additional signal in favor of the fall of the pair will be the test of the resistance 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 66.85.