Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.16. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers of the American currency. As part of the USD/RUB rate forecast for tomorrow March 10, 2020, we should expect an attempt to develop a correction and test the support level near the area of 70.05 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 85.00.
USD/RUB Forecast Russian Ruble March 10, 2020
An additional signal in favor of the growth of the USD/RUB pair on March 10, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option for the USD/RUB pair on FOREX will be a fall and a breakdown of the level of 67.55. Rubles per dollar. This will indicate a breakdown of the support area and the continued decline of the Dollar/Ruble pair to the area below the level of 61.75. A confirmation of the growth of the pair will be a breakdown of the resistance area and closing above the level of 79.05.
USD/RUB Forecast Russian Ruble March 10, 2020 implies an attempt to test the support level near the area of 70.05. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 85.00. 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 the level of 67.55. In this case, we should expect continued decline below 61.75.
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