Currency pair USD/RUB US Dollar to Russian Ruble is trading at 64.71 Rubles per Dollar. The instrument continues to move within the correction and the downward channel. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend for the pair US Dollar and Russian Ruble. As part of the forecast for the Dollar for today April 29, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 64.20. Where can we expect a rebound and continued growth of the USD/RUB pair with a target at the level of 66.80.
Russian Ruble Forecast USD/RUB April 29, 2019
An additional signal in favor of the growth of the dollar against the Russian ruble will be a rebound from the support area. Earlier, a weak signal was received for BUY the US Dollar/Russian Ruble. The signal was formed due to the intersection of signal lines at the level of 64.10.
Cancellation of the growth rate of the USD/RUB pair quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 63.45. This option will indicate an upward trend in favor of a downward trend and the continuation of the fall with a potential target at the level of 62.15. The USD/RUB pair is expected to accelerate growth with the breakdown of the upper border of the downward channel and closing above the level of 65.20.
Russian Ruble Forecast USD/RUB April 29, 2019 implies an attempt to test the support area near the level of 64.20. Where can we expect to continue the growth of the currency pair with a potential target near the level of 66.80. Cancellation of the lifting of the pair will be the breakdown of the area of 63.45. This will indicate a continuation of the fall of the US dollar to the Russian ruble rate with a potential target below the level of 62.15.