Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the bullish correction. At this point, we should expect an attempt to test the broken channel border near 58.95 and continue the growth of the pair in the area above the level of 59.90.
USD/RUB forecast & technical analysis on December 8, 2017
In favor of the growth of the pair USD/RUB will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option for the pair USD/RUB on Forex will be a fall and breakdown of the area of 58.40 rubles to the dollar, which indicates the continuation of the fall of the pair below the level of 57.60. Expect to accelerate the growth rate of the US Dollar against the Ruble is with a breakdown of the level of 59.50.
USD/RUB forecast & technical analysis on December 8, 2017 suggests an attempt to test the upper border of the channel near the level of 59.10, from which it is expected to rebound and continue the growth of the dollar against the ruble with a target above 59.90, the abolition of the growth option will be the breakdown of the area 57.60.