Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 65.91. At the moment, we should expect an attempt to correct and test the resistance level near the region of 66.85 Rubles for the US Dollar. Then the pair continues to decline to the area below 64.10.
USD/RUB forecast Russian Ruble November 22, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of the fall of the USD/RUB pair. Cancellation of the option to reduce the pair USD/RUB on Forex will be a strong growth and the breakdown of the level of 67.65 rubles per dollar. This will indicate areas of resistance and continued growth of the Ruble/Dollar pair to an area above 68.35. Confirmation of the fall of the pair will be the breakdown of the support area and the close below 64.75.
USD/RUB forecast Russian Ruble November 22, 2018 involves an attempt to test the resistance level near 66.85. Where can we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal below 64.10. An additional signal in favor of reducing the pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be the breakdown of the resistance area and closing of quotations above the level of 68.35.
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