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 support area near the level of 57.40 and continue the growth of the pair in the area above the level of 58.90.
USD/RUB forecast & technical analysis April 6, 2018
In favor of the growth of the pair USD/RUB will test the bullish 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 56.80 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 56.50. Confirmation of the bullish trend in the pair will be the breakdown of the upper limit of the «Triangle» model and the closing of quotations above the level of 58.10.
USD/RUB forecast & technical analysis April 6, 2018 suggests a try of a support level test near the area of 57.40, from which we should expect a rebound and an attempt to continue the growth of the Dollar against the Russian Ruble rate with a target above the level of 58.90, an additional signal in favor of the pair’s growth will be the trend line test on the indicator of relative strength index (RSI).
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