Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of the formation of the reversal pattern. At this point, we should expect a test of the level of 58.00 and continue the growth of the pair in the area above the level of 59.45.
USD/RUB prediction & technical analysis on December 1, 2017
In favor of the growth of the pair USD/RUB is the formation of the reversal model «Double Bottom» on the price chart. Cancellation of the growth option for the USD/RUB pair on Forex will be the fall and breakdown of the area of 57.70 rubles to the dollar, which indicates the continuation of the pair’s decline below the level of 56.50. Expect the acceleration of the growth rate of the Dollar against the Ruble is with the breakdown of the resistance level and the closing above 58.50.
USD/RUB prediction & technical analysis on December 1, 2017 assumes a test of the level of 58.00, from which one should expect a rebound and the continued growth of the dollar against the ruble with a target above 59.20, the abolition of growth will be the breakdown of the area 57.70.
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