Currency pair US Dollar Russian Ruble USD/RUB continues to move within the bearish channel. At this point, we should expect an attempt to test the upper bound of the «Triangle» model 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 23, 2018
Canceling the fall of the USD/RUB pair on Forex will be a strong growth and a breakdown of the level of 57.30 rubles per dollar, which will indicate the breakdown of the upper border of the channel and the continued growth of the Dollar/Ruble pair in the area above the level of 58.50. With the breakdown of the lower bound of the «Triangle» model and the closing below the level of 56.20, we expect an acceleration of the fall in the quotations of the Dollar/Ruble pair.
USD/RUB forecast & technical analysis January 23, 2018 suggests an attempt to test the upper limit of the «Triangle» model near the level of 56.20, 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 a fall will test the trend line on the indicator of relative strength index (RSI).
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