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 67.53. At the moment, we should expect an attempt at correction and a test of the support level near the region of 67.05 rubles for the US dollar. Then, the pair continues to grow to an area above the level of 70.15.
USD/RUB forecast Russian Ruble January 8, 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 rising channel. Cancellation of the growth option of the USD/RUB pair on Forex will be a fall and a breakdown of the level of 66.65 rubles per dollar. This will indicate areas of support and the continuation of the decline of the Dollar/Ruble pair to an area below 65.50. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 68.65.
USD/RUB forecast Russian Ruble January 8, 2019 implies an attempt to test the support level near 67.05. Where should we expect a rebound and continued growth of the dollar against the ruble with a goal above the level of 70.15. 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 a breakdown of the support area and closing of quotes below the level of 66.65.
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