Currency pair USD/RUB US Dollar to Russian Ruble is trading at 66.19 rubles per dollar and continues to move as part of growth. 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 Russian Ruble Forecast USD/RUB March 11, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 65.95. Where can we expect a rebound and continued growth of the USD/RUB pair with a target at the level of 67.20.
Russian Ruble Forecast USD/RUB March 11, 2019
An additional signal in favor of the growth of the US 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 the signal lines at the level of 65.65.
Canceling the option of raising the quotes of the USD/RUB pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 65.40. 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 64.25. The USD/RUB pair is expected to accelerate growth with the breakdown of the resistance area and closing above 66.85.
Russian Ruble Forecast USD/RUB March 11, 2019 implies an attempt to test the support area near the level of 65.95. Where can we expect to continue the growth of the currency pair with a potential target near the level of 67.20. The cancellation of the lifting of the pair will be the breakdown of the area of 65.40. This will indicate a continued depreciation of the US dollar against the Russian ruble with a potential target below 64.25.