Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 75.66 Rubles per US Dollar. The pair continues to move as part of the rise and left the bearish channel. Moving averages indicate a downtrend. The prices broke through the area between the signal lines upward, which indicates pressure from the US dollar buyers and the likely continuation of the pair’s growth from these levels. In the current trading week November 29 — December 3, 2021 we should expect an attempt to develop a correction and test the resistance area near the level of 72.45. Where can we expect a rebound and continued growth in the rate of the Dollar against the Russian Ruble above the level of 79.55.
USD/RUB Forecast November 29 — December 3, 2021
An additional signal in favor of the rise of the Dollar/Ruble pair will be a rebound from the upper border of the descending channel, which was broken up by buyers. The second signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the growth option for the Dollar/Ruble pair will be a fall and a breakdown of the 69.45 area. This will indicate a breakdown of the support level and a continued fall in the US Dollar against the Russian Ruble with a target below 67.05. It is worth waiting for confirmation of a rise in the pair with the breakdown of the resistance area and closing of the USD/RUB quotes above the level of 75.55.
USD/RUB Forecast November 29 — December 3, 2021 implies an attempt to test the support area near the level of 72.45. Where can we expect an attempt to increase the price and the Dollar rate to the area above the level of 79.55. An additional signal in favor of the growth of this option will be a rebound from the trend line on the relative strength index (RSI). Cancellation of the option to raise the dollar rate in the current trading week will be a fall and a breakdown of the 69.45 area. This will indicate a continued decline in the pair with a target at 67.05.
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