Currency pair US Dollar Russian Ruble USD/RUB continues to move within the bearish channel. At the moment, we should expect an attempt to test the level of 58.80 and continue the fall of the pair in the area below the level of 57.50 as part of the development of the reversal model «Head and Shoulders». 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 19, 2017
The cancellation of the variant of the fall of the pair USD/RUB on FOREX will be a strong growth and breakdown of the level of 59.40 rubles to the dollar, which will indicate the continued growth of the pair above the level of 60.40. Expect to accelerate the fall of the US Dollar against the Ruble is a breakdown at level 58.40.
USD/RUB forecast & technical analysis on December 19, 2017 suggests an attempt to test the upper border of the channel near the level of 58.80, from which it is expected to rebound and continue the fall of the Dollar against the Ruble with a target below the level of 57.70 within the «Head and Shoulders» reversal model, the drop will be a breakdown at level 59.40.
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