Currency pair US Dollar Russian Ruble USD/RUB continues to move within the limits of the decline. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.54. At the moment, we can expect an attempt to test the support level near the 64.75 Ruble area for the US Dollar and the pair to continue to grow to an area above the 68.70 level.
USD/RUB forecast Russian Ruble October 4, 2018
A test of the trend line on the relative strength index (RSI), as well as a rebound from the lower boundary of the upward channel, will be in favor of the growth of the USD/RUB pair. Cancellation of the growth option of the USD/RUB pair on Forex will be a fall and a breakdown of the level of 63.85 Rubles per Dollar, which will indicate a breakdown of the lower boundary of the channel 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 66.30.
USD/RUB forecast Russian Ruble October 4, 2018 suggests an attempt to test the support level near 64.75, from which one should expect a rebound and continued growth of the US Dollar against the Russian Ruble with a target above 68.70, a test in favor of the pair will be in favor of the pair the relative strength index (RSI), the cancellation of the growth option will be the breakdown of the support area and the closing of quotations below 63.85.
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