Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of growth. At this point, we should expect an attempt to test the support area near the level of 57.30 and continue the growth of the pair in the area above the level of 58.30.
USD/RUB forecast & technical analysis March 20, 2018
In favor of the growth of the pair USD/RUB, an uptrend line test will be performed on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/RUB on Forex will be a fall and breakdown of the level of 56.70 rubles for the 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 55.50. Confirmation of the growth of the pair will be a breakdown of the resistance level and the closing of quotes above the level of 58.50.
USD/RUB forecast & technical analysis March 20, 2018 suggests a try of a support level test near the area of 57.30, 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 the level of 58.30, as part of the continuation of the «5-0», an additional signal in favor of the growth of the pair will be a test of the trend line on the indicator of relative strength index (RSI).
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