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 66.56. At the moment, we should expect an attempt to reduce and test the support level near the area of 65.85 Rubles for the US dollar. Further, the continuation of the pair in the area above the level of 68.60.
USD/RUB forecast Russian Ruble November 16, 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 65.25 rubles per dollar. Such an option would indicate areas of support and the continuation of the fall of the Dollar/Ruble pair to an area below 64.05. Confirmation of the growth of the pair will be the breakdown of the resistance area and the close above the level of 67.05.
USD/RUB forecast Russian Ruble November 16, 2018 implies an attempt to test the support level near 65.85. Where can we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 68.60. 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 the closing of quotations below 65.25.
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