Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of a large “Triangle” pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.08. Moving averages indicate a short-term bearish 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 27, 2021, we should expect an attempt to develop a rise and test the resistance level near the area of 75.55 rubles per US dollar. Then, a rebound and continued growth of the currency pair to the area below the level of 69.35.
USD/RUB Forecast Russian Ruble January 27, 2021
An additional signal in favor of reducing the USD/RUB currency pair on January 27, 2021 will be a test of the resistance 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 option to drop the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 77.05. 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 78.95. Confirmation of the pair’s decline will be the breakdown of the support area and the closing of asset quotes below 72.35.
USD/RUB Forecast Russian Ruble January 27, 2021 implies an attempt to test the resistance level near the 75.55 area. Where can we expect a rebound and the continuation of the fall in the dollar rate against the ruble with a target above the level of 69.35. 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 reduction option will be a breakdown of the resistance area and closing of quotations above the level of 77.05. In this case, we should expect the continued growth of the US dollar against the Russian currency to the level of 78.95.
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