Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of «Triangle» model development. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 69.78. At the moment, we should expect an attempt to test the lower border of the rising channel near the area of 69.00 rubles for the US Dollar and the continuation of the pair’s growth in the area above the level of 71.25.
USD/RUB forecast Russian Ruble September 11, 2018
In favor of the growth of the pair USD/RUB, an uptrend test on the relative strength indicator will perform, as well as a test of the support area. Canceling the growth of the pair USD/RUB for Forex will be a drop and breakdown of the level of 67.90 Rubles per US Dollar, which will indicate the breakdown of the support area and the continuation of the fall of the Dollar/Ruble pair into the area below the level of 65.55. Confirmation of the growth of the pair will break through the resistance area and close above the level of 70.20.
USD/RUB forecast Russian Ruble September 11, 2018 suggests a test of the support level near the area of 69.00, from which it is expected to rebound and continue the growth of the US Dollar against the Ruble with a target above 71.25, an additional signal in favor of the pair’s growth will test the trend line at 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 67.90.
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