Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the rise and the bull channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 66.93. Moving averages indicate an uptrend. As part of the USD/RUB forecast for tomorrow, September 4, 2019, we should expect an attempt to reduce and test the support level near the area of 65.35 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 70.25.
USD/RUB Forecast Russian Ruble September 4, 2019
In favor of the rise of the USD/RUB pair on September 4, 2019, a test of the support line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and a breakdown of the level of 64.05 Rubles per Dollar. This will indicate a breakdown of the support area and the continued fall of the Dollar/Ruble pair to the area below the level of 62.55. A confirmation of the growth of the pair will be a breakdown of the resistance area and closing above the level of 67.35.
USD/RUB Forecast Russian Ruble September 4, 2019 suggests an attempt to test the support level near the area of 65.35. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 70.25. 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 64.05. In this case, we should expect continued fall below the level of 62.55.
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