Currency pair US Dollar Russian Ruble USD/RUB continues to move within the correction. At the moment, we should expect an attempt to test the support area near the level of 60.30 and continue the growth of the pair in the area above the level of 66.10.
USD/RUB forecast & technical analysis April 17, 2018
In favor of the growth of the pair USD/RUB will test the bullish trendline 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 59.00 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 58.50. Confirmation of the bullish trend in the pair will be the breakdown of the resistance area and the closing of quotations above the level of 63.50.
USD/RUB forecast & technical analysis April 17, 2018 assumes a test of the support level test near the area of 60.30, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Ruble rate with a target above 66.10, an additional signal in favor of the pair growth will be a trend line test on the indicator of relative strength index (RSI).