Currency pair US Dollar Russian Ruble USD/RUB continues to move within the rising channel. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 67.53. At the moment, we should expect an attempt to test the lower limit of the bullish channel near the area of 67.05 Russian Rubles for the US Dollar and the continued growth of the pair in the area above the level of 70.30.
USD/RUB forecast & technical analysis August 29, 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 a breakdown of the level of 66.40 rubles per dollar, which will indicate the breakdown of the lower border of the rising 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 close above the level of 68.50.
USD/RUB forecast & technical analysis August 29, 2018 assumes an attempt to test the support level near the area of 67.05, from which it is expected to rebound and continue the growth of the US Dollar against the Russian Ruble rate with a target above the level of 70.30, an additional signal in favor of the pair growth will be a trendline line test 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 66.40.
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