Currency pair US Dollar Russian Ruble USD/RUB continues to move within the correction. At the moment, we should expect a test of the level of 59.20 and continuation of the fall of the pair in the area below the level of 57.30 as part of the start of the development of the «Head and Shoulders» reversal model. In favor of the fall of the pair USD/RUB is a rebound from the resistance line on the indicator of relative strength index (RSI).
USD/RUB forecast & technical analysis on December 14, 2017
The cancellation of the variant of the fall of the pair USD/RUB to Forex will be a strong growth and a breakdown of the level of 59.50 Rubles to the US Dollar, which indicates the continued growth of the pair above the level of 60.40. Expect to accelerate the fall of the Dollar against the Ruble is from the level of the line «Neckline» and closing below the area of 58.50.
USD/RUB forecast & technical analysis on December 14, 2017 suggests a test of the level of 59.20, from which we expect a rebound and the continued decline of the Dollar against the Ruble rate with a target below the level of 57.70 within the «Head and Shoulders» reversal model, level of 59.50.
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