Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the formation of the «Triangle» model. At this point, we should expect an attempt to test the upper limit of the model near the level of 57.70 and continue the fall of the pair in the area below the level of 56.20.
USD/RUB forecast & technical analysis April 4, 2018
In favor of the fall of the pair USD/RUB, a downtrend test on the relative strength index(RSI) will perform. The cancellation of the USD/RUB fall variant on Forex will result in a strong growth and breakdown of the level of 58.10 Rubles per Dollar, which will indicate the breakdown of the resistance area and the continued growth of the Dollar/Ruble pair in the area above the level of 58.95. Confirmation of the downward trend in the pair will break through the lower limit of the «Triangle» model and the closing of quotations below the level of 56.90.
USD/RUB forecast & technical analysis April 4, 2018 suggests a test of the resistance level near the area of 57.70, from which one should expect a rebound and an attempt to continue the fall of the US Dollar against the Russian Ruble with a target below 56.20, an additional signal in favor of the fall of the pair will be the trend line test on the indicator of relative strength index (RSI).
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