Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation 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 63.59. Moving averages indicate a short-term bearish trend. Prices again push off from the area between the signal lines, indicating pressure from sellers of American currency. As part of the USD/RUB forecast for tomorrow December 10, 2019, we should expect an attempt to grow and test the resistance level near the area of 63.95 Rubles per US Dollar. Then, a rebound and continued fall of the currency pair in the area below the level of 61.95.
USD/RUB Forecast Russian Ruble December 10, 2019
In favor of reducing the pair USD/RUB on December 10, 2019, a test of the broken trend 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 65.05 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 67.05. A confirmation of the fall of the pair will be a breakdown of the support area and closing below 63.05.
USD/RUB Forecast Russian Ruble December 10, 2019 suggests an attempt to test the resistance level near the area of 63.95. Where can we expect a rebound and the continuation of the fall of the Dollar against the Ruble with a target above the level of 61.95. An additional signal in favor of reducing 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 65.05. In this case, we should expect continued growth above the level of 67.05.
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