Currency pair US Dollar Russian Ruble USD/RUB continues to move within the limits of the decline. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 65.55. At this point, we should expect an attempt to test the support level near the area of 64.75 rubles for the US dollar and continue to grow the pair in the area above the level of 68.35.
USD/RUB forecast Russian Ruble October 2, 2018
In favor of the growth of the pair USD/RUB, a trend line test will be performed on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/RUB on Forex will be a drop and breakdown of the level of 64.00 rubles per dollar, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the Dollar Ruble pair into the 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 the level of 66.40.
USD/RUB forecast Russian Ruble October 2, 2018 assumes a try of a support level test near the 64.75 area, from which it is expected to rebound and continue the growth of the Dollar against the Ruble rate with a target above 68.35, an additional signal in favor of the pair’s growth will be a trend line test on indicator of relative strength index (RSI), cancellation of the growth option will be the breakdown of the support area and the closing of quotations below the level of 64.00.
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