Currency pair US Dollar/Russian Ruble USD/RUB continues to move through a strong correction and bullish downtrend channel. At the time of publication of the US Dollar exchange rate forecast of the Russian ruble is 71.59. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal line, indicating that the pressure from the US currency sellers and the potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for the November 3, 2021 we can expect attempts of the price increase and test the resistance level near the region of 72.25 rubles for one US dollar. Then, the rebound down, and the continuation of the currency pair fall to below the level of 67.25.
USD/RUB Forecast Russian Ruble November 3, 2021
An additional signal in favor of falling currency pair USD/RUB 3 November 2021 perform test bearish trend line on the display relative strength. The second signal will rebound from the top of the downlink channel. Cancellation option falling pair USD/RUB Forex becomes strong rise, and the breakdown level 74.25. Rubles per dollar. This will indicate the breakdown of resistance and the area continued lifting pairs Dollar Ruble to above the level of 78.45. Confirmation of falling of pair will perform the sample supporting and closing asset quotations below the level of 68.35.
USD/RUB Forecast Russian Ruble November 3, 2021 suggests an attempt to test the resistance level near 72.25 area. Where we can expect a rebound and further rate fall in the dollar against the ruble for the purpose below 67.25. An additional signal in favor of reducing pairs perform a test of trend line on the display relative strength. Cancellation of the embodiment will fall breakdown resistance region and above the closing quotation 74.25. In this case, is expected to continue lifting the US dollar against the Russian currency to the level of 78.45.
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