Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of a bearish correction. At this point, we should expect a test of the support area near the level of 62.85 Rubles per US Dollar and the pair’s continued growth in the area above the level of 64.70.
USD/RUB forecast & technical analysis June 29, 2018
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). Canceling the growth of the pair USD/RUB on Forex will be a drop and a breakdown of the level of 62.30 rubles per dollar, which will indicate the breakdown of the support area 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 break through the resistance area and close above the level of 63.60.
USD/RUB forecast & technical analysis June 29, 2018 assumes a test of the support level test near the area of 62.85, 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 64.70, an additional signal for the growth of the pair will be the uplink test trend on the indicator of relative strength index (RSI).
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