Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and the bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.54. Moving averages indicate the presence of a short-term bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the forecast for the Dollar on January 14, 2022, we should expect an attempt to develop a price increase and test the resistance level near the area of 75.75 rubles per US Dollar. Then, a rebound down and the continuation of the fall of the currency pair to the area below the level of 73.05.
USD/RUB Forecast Russian Ruble January 14, 2022
An additional signal in favor of the fall of the USD/RUB currency pair on January 14, 2022 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to reduce the USD/RUB pair on Forex will be a strong growth in quotes and a breakdown of the level of 77.35 rubles per dollar. This will indicate a breakdown of the resistance area and the continuation of the rise of the Dollar/Ruble pair to the area above the level of 79.75. The fall of the pair will be confirmed by a breakdown of the support area and the closing of asset quotes below the level of 74.05.
USD/RUB Forecast Russian Ruble January 14, 2022 suggests an attempt to test the resistance level near the area of 75.75. Where should we expect a rebound and a continuation of the fall of the dollar against the ruble with a target below the level of 73.05. An additional signal in favor of the pair’s decline 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 quotes above the level of 77.35. In this case, we should expect the US dollar to continue to rise against the Russian currency to the level of 79.75.
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