Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.68. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for February 19, 2020, we should expect an attempt to grow and test the resistance level near the area of 63.95 Rubles per US Dollar. Then, a rebound and continued fall of the currency pair in the area below the level of 60.65.
USD/RUB Forecast Russian Ruble February 19, 2020
An additional signal in favor of reducing the pair USD/RUB on February 19, 2020 will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the bearish channel. Cancellation of the option of falling USD/RUB pair on FOREX will be a strong growth and the breakdown level of 66.55. 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 67.05. A confirmation of the fall of the pair will be a breakdown of the support area and closing below 62.45.
USD/RUB Forecast Russian Ruble February 19, 2020 implies an attempt to test the resistance level near the area of 63.95. Where can we expect a rebound and the continuation of the fall of the Dollar against the Ruble with a target below 60.65. An additional signal in favor of reducing the pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a breakdown of the resistance area and closing of quotations above 66.55. In this case, we should expect the continuation of the rise above the level of 67.05.
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