USDRUB good upward structureNow the USDRUB pair has a good upward structure, the highs and lows are increasing, which indicates the domination of buyers.
Currency pair Dollar Ruble USD / RUB continues to move as part of the growth and the beginning of the development of the "Triangle" model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.47. Moving averages indicate a short-term bullish trend. Prices have moved away from the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continued growth. As part of the forecast for the Dollar on July 30, 2020, we should expect an attempt to develop a decline and test the support level near the area of 71.55 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair to the area above the level of 75.
Cancellation of the growth option will be a breakdown of the support area and closing of quotations below the level of 70.25. In this case, we should expect a continuation of the fall to the level of 68.15.
