The currency pair US Dollar to Russian Ruble USD/RUB continues to move within the limits of growth at the moment it is necessary to expect an attempt of correction of quotations in the area below the level of 57.55 rubles per US dollar, from which one should expect a rebound and continued growth.
FOREX Analysis and USD/RUB forecast on May 10, 2017
In favor of the growth of the pair’s quotations, the Dollar Ruble will perform a test of the broken trend line on the indicator of relative strength. The target for the growth of USD/RUB is the region at a level above 59.80 rubles per US dollar. The abolition of the pair’s growth option will be the fall and breakdown of the region of 57 rubles per dollar, which will indicate the continuation of the decline.
FOREX Analysis and USD/RUB forecast on May 10, 2017 assumes a test of the support level near the area of 57.50 rubles per US dollar, from where it is expected to continue growth to the level above the level of 59.80, the breakdown will be a breakdown at level 57.
