Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.42. Moving averages indicate a short-term sideways trend. Prices have broken the area between the signal lines upwards again, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for January 26, 2021, we should expect an attempt to develop a correction and a test of the support level near the area of 74.65 rubles per US dollar. Then, a rebound and continued growth of the currency pair to the area below the level of 76.80.
USD/RUB Forecast Russian Ruble January 26, 2021
An additional signal in favor of raising the USD/RUB currency pair on January 26, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the “Triangle” pattern. Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and a breakdown of the level of 75.55. Rubles per Dollar. This will indicate a breakdown of the resistance area and a continued rise in the Dollar/Ruble pair to an area above the level of 78.15. Confirmation of the rise in the pair will be the breakdown of the resistance area and the closing of asset quotes above the level of 76.05.
USD/RUB Forecast Russian Ruble January 26, 2021 implies an attempt to test the support level near the 74.65 area. Where can we expect a rebound and continued growth in the dollar against the ruble with a target above the level of 76.80. An additional signal in favor of raising 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 quotations below the level of 75.55. In this case, we should expect a continuation of the fall to the level of 78.15.
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