Currency pair US Dollar Russian Ruble USD/RUB continues to move within the correction and the «Triangle» model. At the moment, we should expect a test of the support area test near the level of 61.00 and continue the growth of the pair in the area above the level of 63.50.
USD/RUB forecast & technical analysis May 25, 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), as well as the formation of the bullish «Wolfe Wave» model. Canceling the growth of the pair USD/RUB for Forex will be a drop and breakdown of the level of 60.10 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 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 25, 2018 suggests a try of a support level test near the area of 61.00, 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 63.50, an additional signal in favor of the pair’s growth will be a trend line test on the indicator of relative strength index (RSI).
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