Currency pair US Dollar/Russian Ruble USD/RUB continues to move in line with the growth and the beginning of the Forex mining 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 64.85. As part of the USD/RUB forecast, we should expect an attempt to decline and a test of the support level near the 64.75 ruble area per US dollar. Then, the rebound and the continued growth of the currency pair in the region above the level of 66.55.
USD/RUB Forecast Russian Ruble May 14, 2019
The test of the support line on the relative strength index (RSI) will be in favor of raising the pair USD/RUB on May 14, 2019. The second signal will be a rebound from the upper limit of the model «Triangle». Cancellation of the option of raising the pair USD/RUB on FOREX will be the fall and the breakdown of the level of 64.05 rubles per dollar. This will indicate a breakdown of the support area and a continued decline of the Dollar Ruble pair to an area below the level of 62.35. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 65.75.
USD/RUB Forecast Russian Ruble May 14, 2019 implies an attempt to test the support level near the 64.75 area. Where should we expect a rebound and continued growth of the dollar against the ruble with a target above the level of 66.55. An additional signal in favor of raising the pair will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing of quotations below 64.05. In this case, we should expect the continuation of the fall below the level of 62.35.
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