Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.50 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 bearish trend in the pair US Dollar/Russian Ruble. A test of the lower boundary of the Ichimoku Kinko Cloud is expected near the level of 66.20, from where it is necessary to expect a rebound and an attempt to further fall of the Dollar against the Ruble with a goal near the level of 62.40.
USD/RUB forecast Russian Ruble October 29 — November 2, 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/Russian Ruble pair, due to the crossing of signal lines at the level of 68.35.
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 67.20, indicating a change in the downward trend in favor of the uptrend and continued decline. Expect to accelerate the fall in 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 29 — November 2, 2018 suggests an attempt to develop a correction to the level of 66.20, where a rebound can be expected and the pair will continue to fall with a potential target near the level of 62.40, the resistance level test will come in favor, breakdown of the 67.20 area, in this case, we can expect a continued growth of the dollar against the ruble.