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 area of 58.25 and continue falling into the area below the level of 56.35. In favor of reducing the pair USD/RUB will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the descending channel.
USD/RUB prediction & technical analysis on October 31, 2017
The cancellation of the fall of the USD/RUB pair on Forex will result in a strong growth and breakdown of the region of 58.90 rubles to the US dollar, which indicates that the pair will continue to rise above the level of 60. Expect the pair to accelerate falling with a breakdown of 57.00.
USD/RUB prediction & technical analysis on October 31, 2017 suggests an attempt to test the upper border of the channel near the level of 58.25, from which it is expected to continue falling below the level of 56.35 Rubles to the US Dollar, an additional signal in favor of the USD/RUB decline will be a resistance line test at indicator of relative strength index (RSI).
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