Currency pair US Dollar Russian Ruble USD/RUB continues to move within the limits of the decline. At this point, we should expect an attempt to test the resistance area near the level of 56.30 and continue the fall of the pair in the area below the level of 55.00.
USD/RUB forecast & technical analysis February 27, 2018
In favor of the fall of the pair USD/RUB, a test of the broken trendline will appear on the indicator of relative strength index (RSI). The cancellation of the fall of the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 57.10 rubles per dollar, which will indicate the breakdown of the resistance area and the continued growth of the Dollar/Ruble pair to the area above the level of 58.50.
USD/RUB forecast & technical analysis February 27, 2018 suggests a test of the resistance level near the area of 56.30, from which one should expect a rebound and an attempt to continue the fall of the US Dollar against the Russian Ruble with a target below 55.00, an additional signal in favor of the pair’s decline will be the trend line test on the indicator of relative strength index (RSI).
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