Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.57. Moving averages indicate a bullish trend. As part of the USD/RUB forecast for tomorrow, August 23, 2019, we should expect an attempt to reduce and test the support level near the area of 64.80 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the region above the level of 68.55.
USD/RUB Forecast Russian Ruble August 23, 2019
In favor of the rise of the USD/RUB pair on August 23, 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 boundary of the downward channel. Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and a breakdown of the level of 63.45 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 61.95. The pair will be confirmed by a breakdown of the resistance area and closing above 67.55.
USD/RUB Forecast Russian Ruble August 23, 2019 suggests an attempt to test the support level near the area of 64.80. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 68.55. 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 the level of 63.45. In this case, we should expect continued fall below the level of 61.95.
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