Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the formation of the «Head and Shoulders» reversal model. At this point, we should expect an attempt to test the support area near the level of 56.20 and continue the growth of the pair in the area above the level of 57.80. In favor of the growth of the pair USD/RUB will perform a test of the support line on the indicator of relative strength index (RSI).
USD/RUB forecast & technical analysis February 20, 2018
The cancellation of the growth variant of the USD/RUB pair on FOREX will be the fall and breakdown of the level of 55.40 rubles per dollar, which will indicate the cancellation of the reversal pattern «Head and Shoulders» and the continuation of the fall of the Dollar Ruble pair into the area below the level of 54.50.
USD/RUB forecast & technical analysis February 20, 2018 assumes a try of a support level test near the area of 56.20, from which one 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 57.80, an additional signal in favor of growth will be a test of the support line at indicator of relative strength index (RSI).
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