Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the growth and formation of the «Triangle» model. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 63.33. At the moment, we should expect an attempt to test the support area near the level of 62.65 Ruble for the US dollar and start the pair’s growth in the area above the level of 66.30.
USD/RUB forecast & technical analysis July 20, 2018
In favor of the growth of the pair USD/RUB, a breakdown of the trend line will appear on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/RUB on Forex will be a drop and a breakdown of the level of 61.20 rubles per dollar, which will indicate the breakdown of the lower limit of the «Triangle» model and the continuation of the fall of the Dollar Ruble pair into the area below the level of 60.00. Confirmation of the growth of the pair will be the breakdown of the upper limit of the «Triangle» model and the closing above the level of 64.00.
USD/RUB forecast & technical analysis July 20, 2018 assumes a try of a support level test near the area of 62.65, from which one should expect a rebound and an attempt to continue the growth of the Dollar against the Ruble rate with a target above 66.30, an additional signal in favor of the pair growth will be a trend line test on the indicator of relative strength index (RSI), the cancellation of the growth option will be the breakdown of the support area and the closing of quotations below the level of 61.20.
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