Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 64.94. At the moment, we should expect an attempt to grow and test the resistance level near the area of 65.35 Rubles for the US Dollar. Then, the continuation of the fall of the pair in the area below the level of 63.15.
USD/RUB Forecast Russian Ruble March 29, 2019
In favor of reducing the pair USD/RUB will test the resistance line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation option fall pair USD/RUB on FOREX will be a strong growth and the breakdown level of 66.15 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 67.85. Confirmation of the fall of the pair will be the breakdown of the support area and closing below 64.05.
USD/RUB Forecast Russian Ruble March 29, 2019 implies an attempt to test the support level near the 65.35 area. Where should we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal below the level of 63.15. An additional signal in favor of reducing the pair 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 quotes above the level of 66.15.