USD/RUB Forecast Russian Ruble November 29, 2019

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.04. Moving averages indicate a short-term downtrend, but prices have broken through the signal line area, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow, November 29, 2019, we should expect an attempt to grow and test the resistance level near the area of ​​64.20 Rubles per US Dollar. Then, a rebound and continued fall of the currency pair in the area below the level of 62.35.

USD/RUB Forecast Russian Ruble November 29, 2019

In favor of reducing the pair USD/RUB on November 29, 2019, a test of the downward trend line on the relative strength index (RSI) will be performed. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the fall of the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 65.20 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 67.25. A confirmation of the fall of the pair will be a breakdown of the support area and closing below 63.10.

USD/RUB Forecast Russian Ruble November 29, 2019 involves an attempt to test the resistance level near the area of ​​64.20. 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 62.35. 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 the level of 65.20. In this case, we should expect the continuation of the rise above the level of 67.25.

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