Currency pair USD/RUB US Dollar to Russian Ruble is trading at 58.62 Rubles per Dollar. The pair is trading above the upper border of the Cloud indicator Ichimoku Kinko Hyo. This indicates the presence of a sideways trend in the US Dollar Russian Ruble pair. As part of the USD exchange rate forecast for today September 6, 2022. A fall is expected to develop and test the lower border of the Ichimoku Kinko Hyo indicator Cloud near the level of 57.45. Where should we expect a rebound and continued growth of the USD/RUB pair with a target at the level of 67.45.
Russian Ruble Forecast USD/RUB September 6, 2022
An additional signal in favor of the growth of the Dollar against the Russian Ruble on September 6, 2022 will be a rebound from the support area on the price chart. The second signal will be a rebound from the lower border of the Triangle model. Earlier, a weak signal was received for selling the pair US Dollar Russian Ruble. The signal was formed due to the crossing of signal lines at the level of 58.45.
Cancellation of the growth option for the quotes of the USD/RUB currency pair and the Ruble exchange rate will be the fall of the Dollar against the Russian Ruble and the breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 54.55. This option will indicate a change in the side trend in favor of a bearish trend and a continued fall in the dollar against the Russian ruble with a potential target at 50.45. It is worth expecting an acceleration in the growth of the USD/RUB pair with a breakdown of the resistance area and closing of asset quotes above the level of 61.75, which will indicate a breakdown of the upper border of the “Triangle” model and the beginning of the development of this model.
Russian Ruble Forecast USD/RUB September 6, 2022 suggests an attempt to test the support area near the level of 57.45. Where should we expect the currency pair to continue to grow with a potential target near the level of 67.45. Cancellation of the option to lift the pair will be a breakdown of the area of 54.55. This will indicate a continued fall in the US Dollar against the Russian Ruble with a potential target below 50.45.
