Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of a bearish correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 67.16. At the moment, we should expect an attempt to reduce and test the support level near the region of 66.75 Rubles for the US Dollar. Further, the continuation of the pair in the area above 69.30.
USD/RUB forecast Russian Ruble November 15, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the USD/RUB currency pair growth. As well as a rebound of quotes from the lower boundary of the rising channel. Cancellation of the growth option of the USD/RUB pair on Forex will be a fall and a breakdown of the level of 66.30 Rubles per Dollar. This option will indicate the area of support and the continuation of the fall of the pair Ruble/Dollar in the area below the level of 65.05. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 68.25.
USD/RUB forecast Russian Ruble November 15, 2018 suggests an attempt to test the support level near 66.75. Where can we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 69.30. An additional signal in favor of the pair growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing of quotes below the level of 66.30.
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