Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 79.55 Rubles per US Dollar. The pair continues to move in the framework of strong growth. Moving averages indicate a bullish trend. Prices have gone far from the area between the signal lines, which indicates pressure from buyers of the US dollar. In the current trading week, March 23 — 27, 2020, we should expect an attempt to develop a correction and test the support area near the level of 72.85. Where can we expect a rebound and continued growth of the Dollar rate above the level of 88.05.
USD/RUB Forecast and Analysis March 23 — 27, 2020
An additional signal in favor of the growth of the Dollar/Ruble pair will be a rebound from the support area. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option of the pair Dollar/Ruble will be a fall and a breakdown of the area of 67.05. This will indicate a breakdown of the support level and a continued fall of the US Dollar against the Russian Ruble with a target below the level of 62.05. 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 84.05.
USD/RUB Forecast and Analysis March 23 — 27, 2020 implies an attempt to test the support area near the level of 72.85. Where can we expect an attempt to grow the Dollar in the region above the level of 88.05. 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 a fall and a breakdown of the area of 67.05. Which will indicate a continued fall of the pair with a target at the level of 62.05.
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