Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and 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 64.63. At the moment, we should expect an attempt to continue the decline and a test of the support level near the 64.20 Ruble area for the US Dollar. Then, the pair continues to grow to an area above 66.25.
USD/RUB Forecast Russian Ruble May 2, 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 2, 2019. The second signal will be a rebound from the lower boundary of the model. Cancellation of the option of raising the USD/RUB pair on Forex will be a fall and a breakdown of the level of 62.95 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 62.05. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the «Triangle» model and the closure above 65.35.
USD/RUB Forecast Russian Ruble May 2, 2019 involves an attempt to test the support level near the 64.20 area. Where can we expect a rebound and the continued growth of the dollar against the ruble with a goal above 66.25. 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 62.95.
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