Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 66.94. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers of the American currency. As part of the USD/RUB rate forecast for tomorrow, March 6, 2020, we should expect an attempt to lower and test the support level near the area of 65.35 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 69.25.
USD/RUB Forecast Russian Ruble March 6, 2020
An additional signal in favor of the growth of the USD/RUB pair on March 6, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option for the USD/RUB pair on FOREX will be a fall and a breakdown of the level of 64.65. Rubles per dollar. This will indicate a breakdown of the support area and the continued decline of the Dollar/Ruble pair to the area below the level of 62.05. A confirmation of the growth of the pair will be a breakdown of the resistance area and closing above the level of 67.65.
USD/RUB Forecast Russian Ruble March 6, 2020 implies an attempt to test the support level near the area of 65.35. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 69.25. An additional signal in favor of raising the pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a breakdown of the support area and closing of quotes below 64.65. In this case, we should expect continued decline below the level of 62.05.
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