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 68.71. At the moment, we should expect an attempt at correction and a test of the support level near the region of 68.00 Rubles for the US Dollar. Then, the pair continues to grow to the area above the level of 71.45.
USD/RUB forecast Russian Ruble January 3, 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 bullish channel. Cancellation of the growth option of the USD/RUB pair on FOREX will be a fall and a breakdown of the level of 67.15 Rubles per Dollar. This will indicate areas of support and the continuation of the decline of the dollar/ruble pair to an area below the level of 66.00. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 69.95.
USD/RUB forecast Russian Ruble January 3, 2019 implies an attempt to test the support level near the 68.00 area. Where should we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 71.45. An additional signal in favor of the pair growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the lifting option will be the breakdown of the support area and closing of quotes below the level of 67.15.