Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of correction and formation of the bullish «Wolfe Wave» model. At the moment, we should expect an attempt to test the support area near the level of 61.00 and continue the growth of the pair in the area above the level of 63.20.
USD/RUB forecast & technical analysis May 23, 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). Cancellation option USD/RUB pair growth Forex will drop and the sample level of 60.40 per dollar that points to the sample area of support and fall of the pair continued to Dollar/Ruble below 59.00. Confirmation of the growth of the pair will break through the resistance level and the closure above 63.00.
USD/RUB forecast & technical analysis May 23, 2018 suggests an attempt to support the level of the test near the region of 61.00, where we can expect a rebound and try to continue the growth of the dollar against the ruble for the target of higher than 63.20, an additional signal in favor of growth of pair will perform a test of trend line on the indicator of relative strength index (RSI).
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