Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the beginning of the development of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian/Ruble is 64.16. Moving averages indicate a downward trend. As part of the forecast for the USD/RUB exchange rate for tomorrow, June 18, 2019, we should expect an attempt to reduce and test the support level near 64.45 Rubles for the US Dollar. Then, a rebound and the continuation of the fall of the currency pair in the area below the level of 63.15.
USD/RUB Forecast Russian Ruble June 18, 2019
In favor of reducing the pair USD/RUB on June 18, 2019, a test of the resistance area on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the option to reduce the pair USD/RUB on Forex will be a strong growth and the breakdown of the level of 64.95 rubles per dollar. This will indicate a breakdown of the resistance area and continued growth of the Dollar/Ruble pair to an area above 66.55. Confirmation of the fall of the pair will be the breakdown of the support area and closing below the level of 63.85.
USD/RUB Forecast Russian Ruble June 18, 2019 implies an attempt to test the resistance level near 64.45. Where can we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal above the level of 63.15. An additional signal in favor of reducing the pair is the resistance line test on the relative strength index (RSI). Cancellation of the fall option will be the breakdown of the resistance area and closing of quotations above 64.95. In this case, we should expect continued growth above 66.55.
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