Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.88. Moving averages indicate a short-term bullish trend. Prices pushed from the area between the signal lines, indicating pressure from buyers of the American currency. As part of the USD / RUB rate forecast for tomorrow, February 11, 2020, we should expect an attempt to fall and test the support level near the area of 62.65 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 65.35.
USD/RUB Forecast Russian Ruble February 11, 2020
An additional signal in favor of the growth of the USD/RUB pair on February 11, 2020 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the edge of the bullish channel. Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and a breakdown of the level of 62.15 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 60.05. A confirmation of the growth of the pair will be a breakdown of the resistance area and closing above the level of 64.55.
USD/RUB Forecast Russian Ruble February 11, 2020 implies an attempt to test the support level near the area of 62.65. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 65.35. An additional signal in favor of the growth of 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 62.15. In this case, we should expect continued decline below the level of 60.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
