Currency pair US Dollar Russian Ruble USD/RUB continues to move in the framework of the sideways movement and the formation of the bull pattern «Wolfe Wave». At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 65.92. At the moment, we should expect an attempt to test the support level near 64.95 rubles for the US Dollar and the pair to continue to grow to an area above 67.65 as part of the start of the model.
USD/RUB forecast Russian Ruble November 6, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the growth of the USD/RUB pair. Cancellation of the growth option of the USD/RUB pair at Forex will be a fall and a breakdown of the level of 63.50 Rubles/Dollar, which will indicate support areas and the continuation of the fall of the Dollar/Ruble to the area below the level of 62.00. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 66.35.
USD/RUB forecast Russian Ruble November 6, 2018 implies an attempt to test the support level near 64.95, from which we should expect a rebound and continued growth of the Dollar against the Ruble with a target above 67.65, a test in trend the relative strength index (RSI), the cancellation of the growth option will be a breakdown of the support area and the closing of quotes below 63.50.