Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the correction and the formation 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 65.99. At the moment, we should expect an attempt to grow and test the resistance level near the area of 66.45 Rubles per US Dollar. Then, the continuation of the fall of the pair in the area below 64.25.
USD/RUB Forecast Russian Ruble March 12, 2019
The test of the resistance line on the relative strength index (RSI) will be in favor of the fall of the USD/RUB pair. The second signal will be a rebound from the upper boundary of the model «Triangle». Cancellation of the option to reduce the pair USD/RUB on Forex will be a strong growth and the breakdown of the level of 66.95 rubles per dollar. This will indicate a breakdown of the resistance area and continued growth of the Dollar/Ruble pair to an area above the level of 68.75. Confirmation of the fall of the pair will break the support area and close below 64.85.
USD/RUB Forecast Russian Ruble March 12, 2019 implies an attempt to test the resistance level near 66.45. Where can we expect a rebound and the continuation of the fall of the dollar against the ruble with a target below 64.25. An additional signal in favor of the pair falling will be the test of the resistance area on the relative strength index (RSI). Cancellation of the fall option will be the breakdown of the resistance area and closing of quotations above the level of 66.95.
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