USD/RUB Forecast Russian Ruble May 17, 2019


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 64.41. Moving averages indicate an uptrend. As part of the forecast for the USD/RUB exchange rate, tomorrow we should expect an attempt to decline and a test of the support level near the 64.05 Ruble area per US Dollar. Then, the rebound and the continuation of the growth of the currency pair in the region above the level of 68.80.

USD/RUB Forecast Russian Ruble May 17, 2019

A test of the support line on the relative strength index (RSI) will be in favor of raising the pair USD/RUB on May 17, 2019. The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the option of raising the USD/RUB pair on Forex will be a fall and a breakdown of the level of 63.20 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 62.15. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 65.65.

USD/RUB Forecast Russian Ruble May 17, 2019

USD/RUB Forecast Russian Ruble May 17, 2019 implies an attempt to test the support level near the 64.05 area. Where can we expect a rebound and the continued growth of the dollar against the ruble with a goal above the level of 68.80. 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 the level of 63.20. In this case, we should expect the continuation of the fall below the level of 62.15.


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