Currency pair US Dollar Russian Ruble USD/RUB continues movement within the framework of correction and start of «Triangle» development. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 66.09. At the moment, we should expect a test of the support level near the area of 65.25 rubles for the US dollar and the continued growth of the pair in the area above the level of 68.50.
USD/RUB forecast & technical analysis August 10, 2018
In favor of the growth of the pair USD/RUB will test the trend line on the indicator of relative strength index (RSI), as well as a rebound from the upper boundary of the model «Triangle». Canceling the growth of the pair USD/RUB on Forex will be a drop and breakdown of the level of 63.50 rubles per dollar, which will indicate the breakdown of the upper limit of the «Triangle» model and the continuation of the fall of the Dollar/Ruble pair into the area below 62.00. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closing above the level of 67.00.
USD/RUB forecast & technical analysis August 10, 2018 assumes a try of a support level test near the area of 65.25, 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 the level of 68.50, an additional signal in favor of the pair growth will be a trend line test on the indicator of relative strength index (RSI), the elimination of the growth option will be the breakdown of the support area and the closing of quotations below the level of 63.50.
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