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 68.08. At this point, we should expect an attempt to test the resistance level near the area of 69.25 rubles for the US dollar and the beginning of the fall of the pair into the area below the level of 67.00.
USD/RUB forecast Russian Ruble September 18, 2018
In favor of reducing the pair USD/RUB, a trend line test will be performed on the relative strength index (RSI), as well as a resistance area test on the price chart. The cancellation of the USD/RUB fall variant on Forex will result in a strong growth and breakdown at the level of 70.40 rubles per dollar, which will indicate the breakdown of the resistance area and the continued growth of the Dollar Ruble pair to the area above the level of 72.50. Confirmation of the fall of the pair will be the breakdown of the lower boundary of the bullish channel and the closing below the level of 66.30.
USD/RUB forecast Russian Ruble September 18, 2018 suggests a test of the resistance level near the area of 69.25, from which it is expected to rebound and continue the fall of the dollar against the ruble with a target below 67.00, an additional signal in favor of the fall of the pair will test the trend line at indicator of relative strength index (RSI), the abolition of the reduction option will be the breakdown of the support area and the closing of quotes above the level of 70.40.
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