Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of a bearish correction. At the moment, we should expect an attempt to test the support area near the level of 61.00 and continue the growth of the pair in the area above the level of 65.50.
USD/RUB forecast & technical analysis April 25, 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, as well as the formation of the reversal model «Head and Shoulders». Canceling the growth of the pair USD/RUB on Forex will be a drop and breakdown of the level of 59.00 Rubles per US 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 58.10. 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 62.50.
USD/RUB forecast & technical analysis April 25, 2018 assumes a test of the support level test near the area of 61.00, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Russian Ruble rate with a target above 65.50, an additional signal in favor of the pair growth will be a trend line test on the indicator of relative strength index (RSI).
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