Currency pair USD/RUB US Dollar to Russian Ruble is trading at 65.52 rubles per dollar and continues to move as part of the correction. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend in the pair US Dollar/Russian Ruble. As part of the forecast of the dollar for today. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near 65.60. Where can we expect a rebound and the continuation of the fall of the pair USD/RUB with the target at 64.30.
Russian Ruble Forecast USD/RUB March 14, 2019
An additional signal in favor of the dollar falling against the Russian ruble will be a rebound from the resistance area. The second signal will be a rebound from the upper boundary of the descending channel. Earlier, a medium strength signal was received for the SELL the US Dollar/Russian Ruble. The signal was formed due to the intersection of the signal lines at the level of 65.85.
Canceling the option of falling quotations of the USD/RUB pair will be the breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 66.35. Such an option would indicate a downward trend in favor of an uptrend and continued growth with a potential target of 67.45. Expect to accelerate the fall of the pair USD/RUB stands with the breakdown of the lower boundary of the model «Triangle» and closing below 65.10.
Russian Ruble Forecast USD/RUB March 14, 2019 implies an attempt to test the resistance area near the level of 65.60. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 64.30. Cancel the option to reduce the pair will breakdown of the area of 66.35. This will indicate a continuation of the rise of the US dollar to the Russian ruble with a potential target above the level of 67.45.