Currency pair US Dollar Russian Ruble USD/RUB continues to move in the fall. At this point, we should expect an attempt to test the support area near the level of 56.20 and continue the growth of the pair in the area above the level of 57.45. 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).
USD/RUB forecast & technical analysis March 7, 2018
Cancellation of the growth option for the pair USD/RUB on FOREX will be a drop and a breakdown of the level of 55.80 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 54.50. Confirmation of the development of growth for the pair will break through the resistance level and the closing of quotations below the level of 57.50.
USD/RUB forecast & technical analysis March 7, 2018 suggests a try of a support level test near the area of 56.20, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Ruble with a target above the level of 57.45, within the beginning of the development of the bullish model «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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