Currency pair USD/RUB US Dollar to Russian Ruble is trading at 65.75 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 downward trend in the pair US dollar Russian ruble. As part of the Russian Ruble forecast USD/RUB November 23, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 66.20 is expected. Where can we expect a rebound and the continuation of the decline of the pair USD/RUB with the goal at the level of 64.10.
Russian Ruble forecast USD/RUB November 23, 2018
An additional signal in favor of the dollar falling against the Russian ruble will be a rebound from the resistance area. Earlier, a weak signal was received for the SELL of a pair of US Dollar and Russian Ruble. The signal was formed due to the intersection of the signal lines at the level of 66.75.
Canceling the option of falling quotations of the USD/RUB pair will be the breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 67.20. Such an option would indicate a downward trend in favor of an uptrend and continued growth with a potential target of 68.55. Expect confirmation of the fall of the USD/RUB pair with the breakdown of the lower boundary of the ascending channel and closing below 65.35.
Russian Ruble forecast USD/RUB November 23, 2018 involves an attempt to test the resistance area near the level of 66.20. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 64.10. The cancellation of the option to reduce the pair will be the breakdown of the 67.20 area. This will indicate a continuation of the growth rate of the US dollar against the Russian ruble.