Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of correction and formation of the «Triangle» model. At this point, we should expect an attempt to test the resistance area near the level of 64.00 and continue falling of the pair into the area below the level of 62.50.
USD/RUB forecast & technical analysis May 10, 2018
In favor of the fall of the pair USD/RUB will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the USD/RUB fall variant will result in a strong growth and breakdown of the level of 64.50 Rubles per Dollar, which will indicate the breakdown of the upper limit of the «Triangle» model and the continued growth of the Dollar/Ruble pair to the area above the level of 67.00.
USD/RUB forecast & technical analysis May 10, 2018 suggests a test of the resistance level near the area of 64.00, from which one should expect a rebound and an attempt to continue the fall of the US Dollar against the Russian Ruble with a target below 62.50, an additional signal in favor of the fall of the pair is the trend line test on the indicator of relative strength index (RSI).
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