Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of strong growth and the start of the «Triangle» model development. At this point, we should expect an attempt to test the support area near the level of 63.25 and continue the growth of the pair in the area above the level of 66.50.
USD/RUB forecast & technical analysis June 20, 2018
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). The cancellation of the growth of the pair USD/RUB on Forex will be a drop and breakdown of the level of 62.00 rubles per dollar, which will indicate the breakdown of the support area and the continuation of the fall of the Dollar/Ruble pair into the area below the level of 60.00. Confirmation of the growth of the pair will break through the resistance area and close above the level of 64.50.
USD/RUB forecast & technical analysis June 20, 2018 assumes a test of the support level test near the area of 63.25, from which one should expect a rebound and an attempt to continue the growth of the Dollar against the Ruble rate with a target above 66.50, an additional signal in favor of the pair’s growth will be an uplink test trend on the indicator of relative strength index (RSI).
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