The currency pair US Dollar to Russian Ruble USD/RUB continues to move within the downward trend and at the moment there is a potential for rebound of quotations in the area below the level of 56 rubles per US dollar. In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength.
Technical analysis and Forecast USD/RUB on April 12, 2017
The cancellation of the variant of falling quotations of the Dollar Ruble pair will be a breakdown of the downward resistance line on the indicator of relative strength. In the vicinity of the local minimum, we should expect a rebound and the growth of quotations of the pair USD/RUB in the region above the level of 59 rubles per dollar as part of the beginning of the development of the bull model of the Wolf wave.
Technical analysis and Forecast USD/RUB on April 12, 2017 suggests an attempt to fall below 56 rubles per US dollar within the rebound from the downward trend line on the indicator of relative strength, the breakdown of the region will be 58 rubles per US dollar.
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