Currency pair US Dollar Russian Ruble USD/RUB continues to move in the fall. At the moment, we should expect an attempt to correct and test the upper border of the channel near the area of 56.70 and continue the fall of the pair into the area below the level of 55.20. In favor of the fall of the pair USD/RUB, a trend line test will be performed on the indicator of relative strength index (RSI).
USD/RUB forecast & technical analysis January 16, 2018
The cancellation of the fall of the USD/RUB pair on FOREX will result in a strong growth and breakdown of the level of 56.90 rubles per dollar, which will indicate the breakdown of the upper border of the channel and the continued growth of the Dollar Ruble pair to the area above the level of 57.30.
USD/RUB forecast & technical analysis January 16, 2018 suggests an attempt at correction to the upper border of the channel near the level of 56.70, from which one should expect a rebound and an attempt to continue the fall of the Dollar against the Ruble with a target below 55.20, an additional signal in favor of the drop will be a test trend line on the indicator of relative strength index (RSI).
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