USD/RUB Forecast Russian Ruble June 8, 2022


Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 58.80. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for June 8, 2022, we should expect an attempt to develop a price increase and test the resistance level near the area of ​​59.15 Rubles per US Dollar. Then, a rebound down and the continuation of the fall of the currency pair to the area below the level of 44.35.

USD/RUB Forecast Russian Ruble June 8, 2022

An additional signal in favor of the fall of the USD/RUB currency pair on June 7, 2022 will be a test of the downtrend line on the relative strength index (RSI). The second signal will be the outflow from the upper border of the descending channel. Cancellation of the option of falling the USD/RUB pair on Forex will be a strong growth in quotes and a breakdown of the level of 66.55 rubles per dollar. This will indicate a breakdown of the resistance area and continued growth of the Dollar/Ruble pair to the area above the level of 72.45. The fall of the pair will be confirmed by a breakdown of the support area and the closing of asset quotes below the level of 56.55.

USD/RUB Forecast Russian Ruble June 8, 2022

USD/RUB Forecast Russian Ruble June 8, 2022 suggests an attempt to test the resistance level near the area of ​​59.15. Where should we expect a rebound and a continuation of the fall of the dollar against the ruble with a target below the level of 44.35. An additional signal in favor of the fall of 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 quotes above the level of 66.55. In this case, we should expect continued growth of the US dollar against the Russian currency to the level of 72.45.


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