Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.93 Rubles per US Dollar. The pair continues to move in the framework of growth and the rising channel. Moving averages indicate a bullish trend. In the current trading week August 26 — 30, 2019, we should expect a decrease and a test of the support area near the level of 63.45. Where can we expect a rebound and continued growth of the Dollar above the level of 70.45.
USD/RUB Forecast and Analysis August 26 — 30, 2019
In favor of the rise of the Dollar/Ruble pair, a rebound from the area of moving averages will be made. The second signal will be a rebound from the broken down trend line on the relative strength index (RSI). Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a fall and a breakdown of the area of 61.25. This will indicate a breakdown of the support area and a continued fall of the US Dollar against the Russian Ruble. Expect confirmation of growth for the pair is with the breakdown of the upper border of the downward channel and the closing of the USD/RUB quotes above the level of 67.95.
USD/RUB Forecast and Analysis August 26 — 30, 2019 involves an attempt to test the support area near the level of 63.45. Where can we expect an attempt to grow the Dollar in the region above the level of 70.45. An additional signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the option of raising the dollar exchange rate in the current trading week will be a fall and a breakdown of the area of 61.25. Which will indicate a continued decline in the pair.