Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.80 Rubles for the US 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. A test of the lower boundary of the Ichimoku Kinko Cloud near the level of 66.35 is expected. Where should we expect a rebound and an attempt to further fall of the dollar against the ruble with a target near the level of 63.35.
USD/RUB forecast Russian Ruble March 4 — 8, 2019
An additional signal in favor of reducing the currency pair will be a test of the resistance area. Previously, a strong signal was received for the SELL of a pair of US Dollar and 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 quotes above the 68.00 area. This will indicate a change in the downward trend in favor of the uptrend and continued growth. Expect to accelerate the fall in USD/RUB quotes with the breakdown of the support area and closing below 64.45.
USD/RUB forecast Russian Ruble March 4 — 8, 2019 involves an attempt to develop a correction to the level of 66.35. Where can we expect a rebound and the continuation of the fall of the pair with a potential target near the level of 63.35. In favor of reducing the test will perform the resistance level. Cancellation of the fall of the currency pair will breakdown area of 68.00. In this case, we can expect the continuation of the growth of the dollar against the ruble.