Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a slight decline and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 62.42. Moving averages indicate a short-term bearish trend. Prices are again pushing from the area between the signal lines, indicating pressure from sellers of American currency. As part of the USD/RUB forecast for tomorrow, December 19, 2019, we should expect an attempt to grow and test the resistance level near the area of 63.00 Rubles per US Dollar. Then, a rebound and continued fall of the currency pair to the area below the level of 61.05.
USD/RUB Forecast Russian Ruble December 19, 2019
In favor of reducing the pair USD/RUB on December 19, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the fall of the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 63.55 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 65.95. The pair will be confirmed by a breakdown of the support area and closing below 61.95.
USD/RUB Forecast Russian Ruble December 19, 2019 involves an attempt to test the resistance level near the area of 63.00. Where can we expect a rebound and the continuation of the fall of the Dollar against the Ruble with a target below 61.05. An additional signal in favor of reducing the pair will be a test of the trend line on the relative strength index (RSI). The cancellation of the reduction option will be a breakdown of the resistance area and closing of quotations above the level of 63.55. In this case, we should expect continued growth above the level of 65.95.
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