Currency pair US Dollar/Russian Ruble USD/RUB continues to move in an upward correction 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 63.38. Moving averages indicate a bearish trend. As part of the forecast of the USD/RUB rate for tomorrow, July 5, 2019, we should expect an attempt to grow and test the resistance level near the area of 63.60 Rubles per US Dollar. Then, the rebound and the continuation of the fall of the currency pair in the area below 61.65.
USD/RUB Forecast Russian Ruble July 5, 2019
In favor of reducing the pair USD/RUB on July 5, 2019, a resistance line test on the relative strength indicator will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option to reduce the pair USD/RUB on FOREX will be a strong growth and a breakdown of the level of 64.35 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 65.85. Confirmation of the fall of the pair will be the breakdown of the support area and the close below the level of 62.75.
USD/RUB Forecast Russian Ruble July 5, 2019 involves an attempt to test the resistance level near 63.60. Where can we expect a rebound and the continuation of the fall of the dollar against the ruble with a goal above the level of 61.65. 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 quotations above the level of 65.85. In this case, we should expect continued growth above 65.15.
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