Currency pair USD/RUB US Dollar to Russian Ruble is trading at 65.92 Rubles per US Dollar and continues to move as part of the «Triangle» model. The pair is trading inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a side trend for the pair US Dollar/Russian Ruble. As part of the forecast, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 65.60. Where can we expect a rebound and continued growth of the pair USD/RUB with the target at 67.75.
Russian Ruble forecast USD/RUB November 6, 2018
An additional signal in favor of the growth of the dollar against the Russian ruble will be a rebound from the support area, as well as a test of the lower limit of the «Triangle» model. Earlier, a weak signal was received for BUY of the US Dollar/Russian Ruble pair, due to the intersection of signal lines at 65.65.
Cancellation of the growth option of the USD/RUB pair will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 65.05. Such an option would indicate a side trend in favor of a downward trend and a continuation of the fall with a potential target at the level of 64.55. Expect confirmation of the growth of the pair USD/RUB stands with the breakdown of the upper boundary of the model «Triangle» and closing above the level of 66.20.
Russian Ruble forecast USD/RUB November 6, 2018 implies an attempt to test the support area near 65.60, from which one can expect continued growth of the currency pair with a potential target near the level of 67.75. The cancellation of the growth of the pair will be a breakdown of the 65.05 area, which will indicate the continuation of the fall of the US Dollar to the Russian Ruble.