Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 65.82. At the moment, we should expect an attempt to fall and a test of the support level near the area of 65.70 Rubles for the US Dollar. Then, the pair continues to grow to an area above 66.75.
USD/RUB Forecast Russian Ruble March 7, 2019
The test of the support line on the relative strength index (RSI) will be in favor of the growth of the USD/RUB pair. The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the option of raising the pair USD/RUB on FOREX will be a fall and a breakdown of the level of 65.40 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 64.55. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the «Triangle» model and the close above the level of 66.05.
USD/RUB Forecast Russian Ruble March 7, 2019 implies an attempt to test the support level near 65.70. Where should we expect a rebound and the continued growth of the dollar against the ruble with a goal above the level of 66.75. 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 65.40.
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