Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.54 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, which indicates the presence of a downward trend in the pair US Dollar/Russian Ruble. Ichimoku Kinko is expected to test the area of ​​signal lines near the level of 66.25, from where it is necessary to expect a rebound and an attempt to further fall of the dollar against the ruble with a target near the level of 61.55.

USD/RUB forecast Russian Ruble October 22 — 26, 2018

An additional signal in favor of the pair falling is the test of the resistance area. Earlier, a weak signal was received for sell of the US Dollar pair Russian Ruble, due to the crossing of signal lines at the level of 68.35.

USD/RUB forecast Russian Ruble October 22 — 26, 2018

Cancellation of the option of falling quotations of the pair will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above 67.70, which will indicate a change in the downward trend in favor of the uptrend and the continued decline. Expect to accelerate the fall of the USD/RUB quotes with the breakdown of the lower boundary of the ascending channel and closing below 64.50.

USD/RUB forecast Russian Ruble October 22 — 26, 2018 involves an attempt to develop a correction to the level of 66.25, where a rebound can be expected and the pair will continue to fall with a potential target near the level of 61.55, the test of resistance will act in favor of the fall, cancel the breakdown of the region is 67.70, in this case, we can expect a continued growth of the dollar against the ruble.