Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the «Triangle» model. At this point, we should expect a test of the level of 59.70 and continuation of the fall of the pair in the region of the lower boundary of the model near the level of 57.70. In favor of the fall of the pair USD/RUB will test the resistance line on the indicator of relative strength index (RSI).
USD/RUB forecast & technical analysis on December 12, 2017
The cancellation of the fall of the USD/RUB pair on Forex will result in a strong growth and breakdown of the level of 60.40 Rubles per US Dollar, which will indicate the continued growth of the pair above the level of 62.50. Expect to accelerate the fall of the dollar against the ruble is worth a breakdown of the level of 58.50.
USD/RUB forecast & technical analysis on December 12, 2017 suggests a test of the level of 59.70, from which one should expect a rebound and the continued decline of the Dollar against the Russian Ruble rate with a target below 57.60, the dropping of the fall variant will be a breakdown of the upper bound of the «Triangle» model and the close above 60.40.
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