Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the correction and the formation of the upcoming «Wolfe Wave» model. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.41. At the moment, we should expect an attempt to fall and a test of the support level near the area of 65.05 rubles for the US dollar. Then, the pair continues to grow to an area above the level of 67.55.
USD/RUB Forecast Russian Ruble March 15, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising the USD/RUB pair. The second signal will be a rebound from the lower boundary of the model «Wolfe Wave». Cancellation of the growth option of the USD/RUB pair on Forex will be a fall and a breakdown of the level of 64.55 Rubles per Dollar. This will indicate a breakdown of the support area and the continuation of the fall of the Dollar/Ruble pair to an area below 63.65. Confirmation of the growth of the pair will be the breakdown of the resistance area and the close above the level of 66.15.
USD/RUB Forecast Russian Ruble March 15, 2019 involves an attempt to test the support level near the 65.05 area. Where can we expect a rebound and the continuation of the growth of the dollar against the ruble with a goal above the level of 67.55. An additional signal in favor of raising the pair will be the 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 quotes below 64.55.