Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the «Triangle» model development. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 69.43. At the moment, we should expect an attempt to test the upper limit of the «Triangle» model near the area of 68.60 Rubles for the US Dollar and the continued growth of the pair in the area above the level of 72.50.
USD/RUB forecast Russian Ruble September 7, 2018
In favor of the growth of the pair USD/RUB, an uptrend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the growth option for the USD/RUB pair on Forex will be a drop and breakdown of the level of 67.50 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 64.05. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above the level of 70.00.
USD/RUB forecast Russian Ruble September 7, 2018 suggests a try of a support level test near the area of 68.60, from which it is expected to rebound and continue the growth of the Dollar against the Ruble rate with a target above 72.50, an additional signal in favor of the pair’s growth will be a trend line test on indicator of relative strength index (RSI), the cancellation of the growth option will be the breakdown of the support area and the closing of quotes below the level of 67.50.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
