Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the decline. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 65.29. Moving averages indicate a bullish trend that is nearing completion. As part of the USD/RUB forecast for tomorrow, September 12, 2019, we should expect an attempt to grow and test the resistance level near the area of 65.85 Rubles per US Dollar. Then, the rebound and continued fall of the currency pair in the area below the level of 63.15.
USD/RUB Forecast Russian Ruble September 12, 2019
In favor of the fall of the USD/RUB pair on September 12, 2019, a test of the resistance line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the fall of the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 67.45 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 70.05. A confirmation of the fall of the pair will be a breakdown of the support area and closing below 64.65.
USD/RUB Forecast Russian Ruble September 12, 2019 involves an attempt to test the resistance level near the area of 65.85. 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 63.15. An additional signal in favor of the fall of the pair will be a test of the trend line on the relative strength index (RSI). The cancellation of the reduction option will be a breakdown of the resistance area and closing of quotations above the level of 67.45. In this case, we should expect continued growth above the level of 70.05.