Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the inverted forex model “Head and Shoulders”. It is worth to wait for the test of the area of 56.20 Rubles per US Dollar and the beginning of growth in the area above the level of 58.
USD/RUB forecast Russian Ruble on May 16, 2017
In favor of the rebound of the pair US Dollar to Russian Ruble already from the current levels is the test of the ascending support line at the indicator of relative strength index. The cancellation of the growth variant of the pair USD/RUB will be the fall and breakdown of the local minimum area, which will indicate that the pair’s quotes continue to fall.
USD/RUB forecast Russian Ruble on May 16, 2017 assumes an attempt to test the area of 56.20 Rubles per US Dollar and begin to grow as part of an inverted Forex model “Head and Shoulders” with the first target near the level of 58 Rubles per US Dollar.
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