Currency pair US Dollar Russian Ruble USD/RUB continues to move as part of its growth. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 66.20. At the moment, we should expect an attempt to test the support level near the area of 65.05 Rubles for the US Dollar and continued growth of the pair in the area above the level of 69.40.
USD/RUB forecast Russian Ruble October 5, 2018
In favor of the growth of the pair USD/RUB will break the trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower boundary of the rising channel. 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 66.85.
USD/RUB forecast Russian Ruble October 5, 2018 suggests an attempt to test the support level near 65.05, from which one should expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 69.40, the test of the trend line for 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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