Currency pair US Dollar/Russian Ruble USD/RUB continues to move in an upward correction and a bearish channel. At the time of the publication of the forecast, the exchange rate of the US dollar to the Russian ruble is 63.34. Moving averages indicate a bearish trend. As part of the forecast for the USD/RUB exchange rate for tomorrow, July 11, 2019, we should expect an attempt of growth and a test of the resistance level near the region of 63.75 rubles for the US dollar. Then, a rebound and the continuation of the fall of the currency pair in the region below the level of 61.05.
USD/RUB Forecast Russian Ruble July 11, 2019
In favor of reducing the pair USD/RUB July 11, 2019 will test the resistance line on the indicator of relative strength. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option to reduce the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 65.15 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 67.45. Confirmation of the fall of the pair will break the support area and close below 62.25.
USD/RUB Forecast Russian Ruble July 11, 2019 implies an attempt to test the resistance level near 63.75. Where should we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal above the level of 61.05. An additional signal in favor of reducing the pair is the resistance line test on the relative strength indicator. Cancellation of the fall option will be the breakdown of the resistance area and closing of quotes above the level of 65.15. In this case, we should expect continued growth above the level of 67.45.
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