Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of strong growth. At this point, we should expect an attempt to test the upper border of the channel near the level of 59.05 and continue the growth of the pair in the area above the level of 62.30.
USD/RUB forecast & technical analysis April 10, 2018
In favor of the growth of the pair USD/RUB will perform a test of the broken trend line on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/RUB on Forex will be a drop and breakdown of the level of 58.60 rubles per dollar, which will indicate the breakdown of the lower border of the rising channel and the continuation of the fall of the Dollar/Ruble pair into the area below the level of 56.90. Confirmation of the bullish trend in the pair will be the breakdown of the resistance area and the closing of quotes above the level of 60.80.
USD/RUB forecast & technical analysis April 10, 2018 assumes a try of a support level test near the area of 59.05, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Ruble with a target above 62.30, an additional signal in favor of the pair’s growth will be a trend line test on the indicator of relative strength index (RSI).