Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.05. Moving averages indicate a bearish trend. As part of the USD/RUB forecast for tomorrow, August 7, 2019, we should expect an attempt to lower and test the support level near the area of 64.00 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 68.90.
USD/RUB Forecast Russian Ruble August 7, 2019
On August 7, 2019, a test of the support line on the relative strength index (RSI) will be in favor of raising the USD/RUB pair. 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 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 61.45. The pair will be confirmed by a breakdown of the resistance area and closing above 66.25.
USD/RUB Forecast Russian Ruble August 7, 2019 suggests an attempt to test the support level near the area of 64.00. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 68.90. 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 fall below the level of 61.45.
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