Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of a bearish correction. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 69.43. At this point, we should expect an attempt to test the lower limit of the channel near the area of 68.90 rubles for the US dollar and the continued growth of the pair in the area above the level of 71.55.
USD/RUB forecast Russian Ruble September 13, 2018
In favor of the growth of the pair USD/RUB will test the upward trend line on the indicator of relative strength index (RSI), as well as test the support area on the price chart. Canceling the growth of the pair USD/RUB for Forex will be a drop and breakdown of the level of 67.90 rubles per 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 70.70.
USD/RUB forecast Russian Ruble September 13, 2018 suggests a try of a support level test near the area of 68.90, from which it is expected to rebound and continue the growth of the Dollar against the Russian Ruble rate with a target above 71.55, 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 67.90.
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