USD/RUB Forecast Russian Ruble February 26, 2020


Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a strong upward correction 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 65.42. 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 26, 2020, we should expect an attempt to grow and test the resistance level near the area of ​​65.75 Rubles per US Dollar. Then, the rebound and continued fall of the currency pair in the area below the level of 62.55.

USD/RUB Forecast Russian Ruble February 26, 2020

An additional signal in favor of reducing the pair USD/RUB on February 26, 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 downward channel. Cancellation of the option of falling USD/RUB pair on Forex will be a strong growth and the breakdown level of 66.15. 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 67.65. Confirmation of the fall of the pair will be a breakdown of the support area and closing below 63.55, which will indicate a way out of the upward channel.

USD/RUB Forecast Russian Ruble February 26, 2020

USD/RUB Forecast Russian Ruble February 26, 2020 suggests an attempt to test the resistance level near the area of ​​65.75. Where can we expect a rebound and the continuation of the fall of the Dollar against the Ruble with a target below the level of 62.55. 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 the level of 66.15. In this case, we should expect the continuation of the rise above the level of 67.65.


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