Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and 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 64.91. Moving averages indicate a bullish trend. As part of the USD/RUB forecast for tomorrow October 10, 2019, we should expect an attempt to reduce and test the support level near the area of 64.75 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of 67.45.
USD/RUB Forecast Russian Ruble October 10, 2019
In favor of the growth of the USD/RUB pair on October 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 «Triangle» model. Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and a breakdown of the level of 63.50 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 61.45. Confirmation of the pair’s rise will be a breakdown of the resistance area and closing above the level of 66.05, which will indicate the exit of quotes outside the model.
USD/RUB Forecast Russian Ruble October 10, 2019 suggests an attempt to test the support level near the area of 64.75. Where can we expect a rebound and continued growth of the Dollar against the Ruble with a target above the level of 67.45. 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 63.50. In this case, we should expect continued fall below the level of 61.45.
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