Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a decline 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 63.03. Moving averages indicate a bearish trend. As part of the forecast for the USD/RUB exchange rate for tomorrow, July 25, 2019, we should expect an attempt of growth and a test of the resistance level near the area of 63.65 Rubles for the US Dollar. Then, the rebound and the continuation of the fall of the currency pair in the area below the level of 61.15.
USD/RUB Forecast Russian Ruble July 25, 2019
In favor of reducing the pair USD/RUB on July 25, 2019, the resistance line test on the relative strength indicator will be made. The second signal will be a rebound from the level of the upper boundary of the model «Triangle». Cancellation of the fall option of the USD/RUB pair on Forex will be a strong growth and the breakdown of the level of 65.05 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 68.45. Confirmation of the fall of the pair will be the breakdown of the support area and the closing below the level of 62.30, which will indicate the completion of the formation of the «Triangle» model.
USD/RUB Forecast Russian Ruble July 25, 2019 implies an attempt to test the resistance level near 63.65. Where should we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal below the level of 61.15. An additional signal in favor of the pair falling will be the test of the resistance line on the relative strength indicator. Cancellation of the fall option will be the breakdown of the resistance area and closing of quotations above the level of 65.05. In this case, we can expect continued growth above the level of 68.45.
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