Currency pair US Dollar Russian Ruble USD/RUB continues to move in the framework of the sideways movement and the formation of the bullish pattern «Wolf Wave». At the time of the publication of the forecast, the exchange rate of the US dollar to the Russian ruble is 66.08. At the moment, we should expect an attempt to test the support level near 65.60 rubles for the US dollar and the pair to continue to grow to an area above 67.55.
USD/RUB forecast Russian Ruble November 8, 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 for the 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 8, 2018 suggests an attempt to test the support level near 65.60, from which one should expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 67.55. 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 63.50.
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