USD/RUB forecast Dollar Ruble on July 10, 2020

Currency pair USD/RUB is trading at 70.77. Quotes of the pair are trading above the moving average with a period of 55. This indicates the presence of a bullish trend for pair Ruble/Dollar. At the moment, the quotes of the pair are moving near the middle border of the Bollinger Bands indicator stripes.

USD/RUB forecast Dollar Ruble on July 10, 2020

As part of the forecast, the pair Dollar/Ruble is expected to test the level of 70.30. Where can we expect an attempt to continue the growth of the USD/RUB pair and the further development of the upward trend. The purpose of this movement is the area near the level of 72.80. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator strip at 70.20.

USD/RUB forecast Dollar Ruble on July 10, 2020

Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing quotations of the pair below the area of ​​68.60. This will indicate a change in the current trend in favor of the bearish for USD/RUB. In case of breakdown of the upper border of the Bollinger Bands indicator bands, growth should be expected.

USD/RUB forecast Dollar Ruble on July 10, 2020 implies a test level of 70.30. Further, growth is expected to continue to the area above the level of 72.80. The conservative buying area is located is near the area of ​​70.20. The cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 68.60. In this case, we should expect continued fall.


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