Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of strong growth. At the time of publication of the forecast, the US dollar to the Russian Ruble rate is 68.11. At this point, we should expect a test of the support level near the area of 67.20 rubles for the US dollar and the continued growth of the pair in the area above the level of 70.60.
USD/RUB forecast & technical analysis August 14, 2018
In favor of the growth of the pair USD/RUB, a trend line test will be performed on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/RUB on Forex will be a drop and a breakdown of the level of 66.50 rubles per dollar, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the fall of the Dollar/Ruble pair into the area below the level of 64.00. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closing above the level of 69.00.
USD/RUB forecast & technical analysis August 14, 2018 suggests a try of a support level test near the area of 67.20, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Russian Ruble rate with a target above the level of 70.60, an additional signal in favor of the pair’s growth will be the trend line test on the indicator of relative strength index (RSI).
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