Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and development of the «Triangle» Forex model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.97. As part of the USD/RUB forecast, we should expect an attempt to decline and a test of the support level near the 64.75 Ruble area per US Dollar. Then, the rebound and the continued growth of the currency pair in the region above the level of 66.50.
USD/RUB Forecast Russian Ruble May 10, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising the pair USD/RUB on May 10, 2019. The second signal will be a rebound from the upper limit of the model «Triangle». Cancellation of the option of raising the pair USD/RUB on FOREX will be a fall and a breakdown of the level of 64.00 rubles per dollar. This will indicate a breakdown of the support area and a continued decline of the Dollar/Ruble pair to an area below the level of 62.35. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closure above 65.75.
USD/RUB Forecast Russian Ruble May 10, 2019 involves an attempt to test the support level near the 64.75 area. Where can we expect a rebound and the continued growth of the dollar against the ruble with a target above the level of 66.50. An additional signal in favor of raising the pair will be the test of the support 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 64.00. In this case, we should expect the continuation of the fall below the level of 62.35.
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