Forecast for the USD/RUB pair (Dollar-Ruble): Most likely, the dollar will cost ~100 rubles by the end of 2020!

In 2014, no one believed that the dollar could rise to almost 80 rubles, but then it became a reality and even commonplace. After that, a rollback followed and everyone seemed to get used to the new prices, which immediately increased by 2 or even 3 times.

Perhaps now, by the end of 2020, the same thing awaits us, only, accordingly, prices for Russia can rise again for imported goods by another 1.5 or even 2 times

Ruble forecast

Consider the chart of the USD/RUB trading pair, expand the waves according to technical analysis, and this is what we get approximately:

Now, after another powerful surge, the price began to roll back just in time to the lower border of the channel, along which it has been moving since the beginning of this year.

With a greater degree of probability, the downward movement ended there and the price should reach the target of about 90 rubles with the next jerk.

But judging by the upper border of the channel, which is located just within 100 rubles, it is likely that the price can even overcome this strong psychological level.

In any case, it is not recommended to sell dollars now, the first batch can be thrown off for 90 rubles and further, the price can be dragged at least up to 100, or even up to 120 rubles.

Good luck!