Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the start of development 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 63.83. Moving averages indicate a bearish trend. As part of the USD/RUB forecast for tomorrow, August 2, 2019, we should expect an attempt to reduce and test the support level near the area of 63.45 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the region above the level of 65.20.
USD/RUB Forecast Russian Ruble August 2, 2019
In favor of the rise of the USD RUB pair on August 2, 2019, a test of the support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper limit of the model «Triangle». Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and a breakdown of the level of 62.55 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 61.35. A confirmation of the growth of the pair will be a breakdown of the resistance area and closing above the level of 64.25.
USD/RUB Forecast Russian Ruble August 2, 2019 suggests an attempt to test the support level near the area of 63.45. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 65.20. An additional signal in favor of raising the pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a breakdown of the support area and closing of quotes below 62.55. In this case, we should expect continued decline below the level of 61.35.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
