Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of a decline. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.60. At the moment, we can expect an attempt to test the support level near the 64.85 Ruble area for the US Dollar and the pair to continue to grow to an area above the 67.50 level.
USD/RUB forecast Russian Ruble October 16, 2018
A test of the rising trend line on the relative strength index (RSI), as well as the formation of the bullish pattern «Wolfe Wave», 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 63.55 rubles per dollar, which will indicate support areas and the continuation of the fall of the dollar ruble pair to an area below the level of 62.50. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 66.25.
USD/RUB forecast Russian Ruble October 16, 2018 suggests an attempt to test the support level near 64.85, from which we should expect a rebound and the continued growth of the Dollar against the Ruble with a target above 67.50, a test in trend the relative strength index (RSI), the cancellation of the growth option will be the breakdown of the support area and the closing of quotes below the level of 62.50.