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 65.94. At the moment, we should expect an attempt to reduce and test the support level near the area of 65.65 Rubles for the US Dollar. Then, the pair continues to grow to an area above the level of 67.15.
USD/RUB Forecast Russian Ruble January 31, 2019
The test of the support line 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 65.05 Rubles per Dollar. This will indicate a breakdown of the support area and a continuation of the decline of the Dollar/Ruble pair to an area below 64.25. Confirmation of the growth of the pair will break the resistance level and close above 66.50.
USD/RUB Forecast Russian Ruble January 31, 2019 implies an attempt to test the support level near 65.65. Where should we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 67.15. 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 the level of 65.05.