Currency pair US Dollar to Russian Ruble USD/RUB closed the trading week at 56.72 Rubles per US Dollar. The pair continues to move within the framework of the reversal forex pattern “Head and Shoulders”. It is worth waiting for an attempt to increase in the area above the level of 58 Rubles per US Dollar.
USD/RUB forecast on May 22, 2017 — May 26, 2017
With the breakdown of the upper limit of the bearish channel, it is expected to accelerate the growth of the pair US Dollar to Russian Ruble USD/RUB, which could provoke the pair’s growth above the level of 63 Rubles per US Dollar as part of the development of the reversal forex pattern “Head and Shoulders”. Cancellation of the growth of the pair will be a fall and breakdown of the region of 55.5 Rubles per US Dollar, in this case, the fall target will be below the level of 52 Rubles per US Dollar.
USD/RUB forecast on May 22, 2017 — May 26, 2017 suggests an attempt to increase the pair in the area above the level of 58 Rubles per US Dollar as part of the beginning of the development of the reversal forex pattern “Head and Shoulders”, the drop of the option and the breakdown of the level 55.50 Rubles per US Dollar on the continuation of the decline in USD/RUB.
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