Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.88. Moving averages indicate a bearish trend. As part of the forecast for the USD/RUB exchange rate for tomorrow, May 31, 2019, we should expect an attempt to fall and a test of the support level near 64.55 Rubles for the US Dollar. Then, the rebound and the continued growth of the currency pair in the region above the level of 66.60.
USD/RUB Forecast Russian Ruble May 31, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising the pair USD/RUB on May 31, 2019. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the option of raising the USD/RUB pair on Forex will be a fall and a breakdown of the level of 63.80 Rubles per Dollar. This will indicate a breakdown of the support area and a continued decline of the Dollar Ruble pair to an area below the level of 62.35. Confirmation of the growth of the pair will be the breakdown of the resistance area and the close above 65.65.
USD/RUB Forecast Russian Ruble May 31, 2019 implies an attempt to test the support level near the 64.55 area. Where should we expect a rebound and the continued growth of the dollar against the ruble with a target above 66.60. An additional signal in favor of raising the pair will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing of quotations below the level of 62.35. In this case, we should expect the continuation of the fall below 65.65.
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