USD/RUB Forecast Russian Ruble April 23, 2020

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.99. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. As part of the forecast for the Dollar on April 23, 2020, we should expect an attempt to develop a downward correction and test the support level near the area of ​​75.35 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the region above the level of 80.75.

USD/RUB Forecast Russian Ruble April 23, 2020

An additional signal in favor of the rise of the USD/RUB currency pair on April 23, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option for the USD/RUB pair on FOREX will be a fall and a breakdown of the level of 73.45. Rubles per Dollar. This will indicate a breakdown of the support area and the continued fall of the Dollar/Ruble pair to the area below the level of 69.85. Confirmation of the pair’s rise will be a breakdown of the resistance area and closing above 78.05.

USD/RUB Forecast Russian Ruble April 23, 2020 implies an attempt to test the support level near the 75.35 area. Where can we expect a rebound and the continuation of the rise of the Dollar against the Ruble with a target below the level of 80.75. An additional signal in favor of the growth of the pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the upgrade option will be a breakdown of the support area and closing quotes below the level of 73.45. In this case, we should expect continued decline to the level of 69.85.

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