Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the flat trend. At this point, we should expect an attempt to test the level of 58.50 Rubles and continue falling below 56 Rubles. In favor of the fall of the pair USD/RUB, a resistance area test will be performed on the relative strength indicator (RSI).
USD/RUB prediction & technical analysis on October 10, 2017
An additional signal in favor of the fall is the formation of the «Head and Shoulders» reversal pattern. The cancellation of the fall of the USD/RUB pair on Forex will be a strong growth and breakdown of the region of 59 Rubles per US Dollar, which will indicate that the pair will continue to rise above the level of 60.
USD/RUB prediction & technical analysis on October 10, 2017 assumes an attempt to test the level of 58.50 Rubles per US Dollar and continue the fall of the dollar to below 56 rubles per US dollar, an additional signal in favor of the USD/RUB decline is the resistance area test on the relative indicator index (RSI).
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