Currency pair US Dollar Russian Ruble USD/RUB continues to move within the correction and the «Triangle» model. At the moment, we should expect an attempt to test the support area near the level of 61.55 and continue the growth of the pair in the area above the level of 65.50.
USD/RUB forecast & technical analysis May 29, 2018
In favor of the growth of the pair USD/RUB, breakdown of the resistance line on the indicator of relative strength index (RSI), as well as the formation of the bullish model «Head and Shoulders» will perform. Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and breakdown of the level of 60.40 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 59.00. Confirmation of the growth of the pair will break through the resistance level and the closing above 62.85.
USD/RUB forecast & technical analysis May 29, 2018 suggests a try of a support level test near the area of 61.55, from which one should expect a rebound and an attempt to continue the growth of the US Dollar against the Russian Ruble rate with a target above 65.50, an additional signal in favor of the pair’s growth will be a breakdown of the trend line on the indicator of relative strength index (RSI).
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