Currency pair US Dollar Russian Ruble USD/RUB continues to move in the fall. At the moment, we should expect an attempt to correct and test the upper boundary of the bearish channel near the area of 58.05 and continue falling of the pair into the area below the level of 55.70.
USD/RUB forecast & technical analysis January 9, 2018
In favor of the fall of the pair USD/RUB will test the resistance line on the indicator of relative strength. Cancellation of the fall of the USD/RUB pair on Forex will be a strong growth and breakdown of the level of 58.20 rubles per dollar, which will indicate the breakdown of the upper border of the channel and the continued growth of the Dollar/Ruble.
USD/RUB forecast & technical analysis January 9, 2018 suggests a correction attempt to the upper channel boundary near the level of 58.05, from which one should expect a rebound and an attempt to continue the fall of the Dollar against the Ruble rate with a target below 55.70, an additional signal in favor of the fall of the pair test the trend line on the indicator of relative strength index (RSI).