Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of growth. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 67.80. At this point, we should expect an attempt to test the bottom of the uplink near the 67.45 ruble for the US dollar and continue to grow the pair in the area above the level of 71.05.
USD/RUB forecast & technical analysis August 24, 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). Canceling the growth of the pair USD/RUB on Forex will be a drop and breakdown of the level of 66.50 Rubles per US 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 63.50. Confirmation of the growth of the pair will break through the resistance area and the closure above the level of 68.90.
USD/RUB forecast & technical analysis August 24, 2018 assumes a try of a support level test near the area of 67.45, from which we expect a rebound and 71.05 continuation of the Dollar’s rise against the Ruble with a target above the level of 70.25, an additional signal in favor of the pair’s growth will be the trend line test on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
