Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a slight growth and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.22. Moving averages indicate a bearish trend. As part of the USD/RUB forecast for tomorrow, October 1, 2019, we should expect an attempt to reduce and test the support level near the area of 64.05 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 66.75.
USD/RUB Forecast Russian Ruble October 1, 2019
In favor of the growth of the USD/RUB pair on October 1, 2019, a test of the broken trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the support area. Cancellation of the growth option for the USD/RUB pair on FOREX will be a fall and a breakdown of the level of 63.25 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 61.05. Confirmation of the pair’s rise will be a breakdown of the upper border of the downward channel and closing above 65.75.
USD/RUB Forecast Russian Ruble October 1, 2019 suggests an attempt to test the support level near the area of 64.05. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 66.75. 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 the level of 63.25. In this case, we should expect continued decline below the level of 61.05.
