Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a strong fall and an upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.65. Moving averages indicate a short-term bullish trend. Prices have gone far up from the area between the signal lines, indicating pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow March 4, 2020, we should expect an attempt to grow and test the resistance level near the area of 67.05 Rubles per US Dollar. Then, a rebound and continued fall of the currency pair in the area below the level of 62.85.
USD/RUB Forecast Russian Ruble March 4, 2020
An additional signal in favor of reducing the pair USD/RUB on March 4, 2020 will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the resistance area. Cancellation of the option of falling USD/RUB pair on Forex will be a strong growth and the breakdown level of 68.75. 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 71.35. Confirmation of the fall of the pair will be a breakdown of the lower boundary of the ascending channel and closing under the level of 64.05, which will indicate the exit of prices outside the ascending channel.
USD/RUB Forecast Russian Ruble March 4, 2020 implies an attempt to test the resistance level near the area of 67.05. Where can we expect a rebound and the continuation of the fall of the Dollar against the Ruble with a target below the level of 62.85. 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 fall option will be a breakdown of the resistance area and closing of quotations above 68.75. In this case, we should expect the continuation of the rise above the level of 71.35.
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