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 65.93. At the moment, we should expect an attempt to reduce and test the support level near the area of 65.95 Rubles for the US Dollar. Then, the continuation of the pair decline to the area above the level of 67.85.
USD/RUB Forecast Russian Ruble January 29, 2019
The test of the support area on the relative strength index (RSI) will be in favor of the growth of the USD/RUB pair. Cancellation of the growth option of the USD/RUB pair on Forex will be a fall and a breakdown of the level of 64.75 Rubles per Dollar. This will indicate a breakdown of the support area and the continuation of the decline of the Dollar/Ruble pair to an area below the level of 63.25. Confirmation of the growth of the pair will break the upper limit of the downward channel and close above the level of 66.35.
USD/RUB Forecast Russian Ruble January 29, 2019 implies an attempt to test the support level near 65.95. Where can we expect a rebound and the continued growth of the dollar against the ruble with a goal above the level of 67.85. An additional signal in favor of the pair growth will be a 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 of quotations below 64.75.
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