Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 66.12 rubles for the US Dollar and continues to move within the framework of the correction and the formation of the «Triangle» model.
The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a side trend for the pair of US Dollar and Russian Ruble. A test of the lower boundary of the Ichimoku Kinko Cloud near the level of 65.90 is expected. Where can we expect a rebound and an attempt to further increase the rate of the dollar against the ruble with a target near the level of 70.45.
USD/RUB forecast Russian Ruble December 10 — 14, 2018
An additional signal in favor of the growth of the currency pair will be the test of the support area. As well as a rebound from the lower boundary of the model «Triangle». Earlier, a weak 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.
Cancellation of the growth of quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 65.00 area. This will indicate a side trend change in favor of the downtrend and the continuation of the fall. Waiting for confirmation of the growth of the USD/RUB quotes is with the breakdown of the upper boundary of the indicator cloud and closing above the level of 67.95.
USD/RUB forecast Russian Ruble December 10 — 14, 2018 involves an attempt to develop a correction to the level of 65.90. Where can we expect a rebound and continued growth of the pair with a potential target near the level of 70.45. In favor of growth will make the test level of support. Cancellation of the growth of the currency pair will breakdown area of 65.00. In this case, we should expect the continuation of the fall of the dollar against the ruble.
