Currency pair US Dollar Russian Ruble USD/RUB continues to move within the descending channel. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 62.44. At the moment, we should expect an attempt to test the support area near the level of 62.05 Russian Rubles for the US Dollar and start the pair’s growth in the area above the level of 63.85.
USD/RUB forecast & technical analysis July 18, 2018
In favor of the growth of the pair USD/RUB will perform a test of the broken trend line 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 61.50 rubles per dollar, which will indicate the breakdown of the lower limit of the «Triangle» model and the continuation of the fall of the Dollar/Ruble pair into the area below the level of 60.50. Confirmation of the growth of the pair will be the breakdown of the upper boundary of the channel and the closing above the level of 62.70.
USD/RUB forecast & technical analysis July 18, 2018 suggests a try of a support level test near the area of 62.05, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Russian Ruble with a target above 63.85, an additional signal in favor of the pair’s growth will be a trend line test on the indicator of relative strength index (RSI).
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