Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 62.79 Rubles per US Dollar. The pair continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend. In the current trading week December 16 — 20, 2019 we should expect an attempt to continue the fall and test the support area near the level of 60.45. Where can we expect a rebound and continued growth of the dollar above the level of 68.70.
USD/RUB Forecast and Analysis December 16 — 20, 2019
An additional signal in favor of the rise of the Dollar/Ruble pair will be a rebound from the lower border of the downward channel. The second signal will be a rebound from the support line on the relative strength index (RSI). The cancellation of the growth option for the decline in the Dollar/Ruble pair will be the fall and the breakdown of the area of 58.05. This will indicate a breakdown of the support level and a continued decline in the US Dollar against the Russian Ruble with a target below the level of 54.45. Expect confirmation of growth for the pair is with the breakdown of the resistance area and the closing of the USD/RUB quotes above the level of 64.85.
USD/RUB Forecast and Analysis December 16 — 20, 2019 involves an attempt to test the support area near the level of 60.45. Where can we expect an attempt to grow the Dollar in the region above the level of 68.70. An additional signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the growth option for the Dollar in the current trading week will be the fall and the breakdown of the area of 58.05. Which will indicate a continued decline in the pair with the target at 54.45.
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