Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the upward correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian ruble is 63.39. Moving averages indicate a bearish trend. As part of the forecast for the USD/RUB exchange rate for tomorrow, August 1, 2019, we should expect an attempt to grow and test the resistance level near the area of 63.60 Rubles for the US Dollar. Then, a rebound and the continuation of the fall of the currency pair in the region below the level of 61.50.
USD/RUB Forecast Russian Ruble August 1, 2019
In favor of reducing the pair USD/RUB on August 1, 2019, a resistance line test on the relative strength indicator will be made. The second signal will be a rebound from the level of the upper boundary of the downward channel. Cancellation option fall pair USD/RUB on Forex will be a strong growth and the breakdown level of 64.65 rubles per dollar. This will indicate a breakdown of the resistance area and continued growth of the Dollar/Ruble pair to an area above the level of 67.25. Confirmation of the fall of the pair will be the breakdown of the support area and the close below the level of 62.35.
USD/RUB Forecast Russian Ruble August 1, 2019 involves an attempt to test the resistance level near 63.60. Where should we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal below the level of 61.50. An additional signal in favor of the pair falling will be the test of the resistance line on the relative strength indicator. Cancellation of the fall option will be the breakdown of the resistance area and closing of quotations above 64.65. In this case, we should expect continued growth above the level of 67.25.
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