Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.27 Rubles for the US Dollar and continues to move as part of the bullish correction. The pair is trading below the bottom of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in the pair US Dollar/Russian Ruble. The test area of the Ichimoku Kinko signal lines near the level of 65.45 is expected. Where should we expect a rebound and an attempt to further fall of the dollar against the ruble with a goal near the level of 62.25.
USD/RUB forecast Russian Ruble April 8 — 12, 2019
An additional signal in favor of reducing the currency pair will be a test of the resistance area. The second signal will be a rebound from the upper boundary of the downward channel. Previously, a strong signal was received for the SELL the US Dollar/Russian Ruble. The signal was formed due to the intersection of signal lines at the level of 66.15.
Canceling the option of falling quotes of the pair will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above 67.60. This will indicate a change in the downward trend in favor of the uptrend and continued growth. Expect to accelerate the fall of the USD/RUB quotes with the breakdown of the support area and closing below 63.45.
USD/RUB forecast Russian Ruble April 8 — 12, 2019 involves an attempt to develop a correction to the level of 65.45. Where can we expect a rebound and the continuation of the fall of the pair with a potential target near the level of 62.25. In favor of reducing the test will perform the resistance level. Cancellation of the fall of the currency pair will be the breakdown of the area of 67.60. In this case, we can expect a continuation of the growth of the dollar against the ruble.
