USD/RUB Forecast Russian Ruble February 25, 2020


Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Wedge» model, which acts as a reversal model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.89. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow February 25, 2020, we should expect an attempt to grow and test the resistance level near the area of ​​64.25 Rubles per US Dollar. Then, the rebound and continued fall of the currency pair in the area below the level of 61.45.

USD/RUB Forecast Russian Ruble February 25, 2020

An additional signal in favor of reducing the pair USD/RUB on February 25, 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 «Wedge» model. Cancellation of the option of falling USD/RUB pair on Forex will be a strong growth and the breakdown level of 64.95. 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 66.85. A confirmation of the fall of the pair will be a breakdown of the support area and closing below 62.65.

USD/RUB Forecast Russian Ruble February 25, 2020

USD/RUB Forecast Russian Ruble February 25, 2020 suggests an attempt to test the resistance level near the area of ​​64.25. Where can we expect a rebound and the continuation of the fall of the Dollar against the Ruble with a target below 61.45. 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 64.95. In this case, we should expect the continuation of the rise above the level of 66.85.


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