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 testing the local minimum area as part of the completion of the forex formation of the Wedge model. Near the level of 55.70 rubles per US dollar, we should expect a rebound and the pair’s quotations begin to rise in the area above the level of 57 rubles per US dollar.
USD/RUB Forecast Dollar Ruble on April 18, 2017
In favor of growth, there will be a tight test of the support line on the indicator of relative strength. Cancellation of the variant of growth of quotations of the Dollar Ruble pair will be the fall and breakdown of the region of 55 rubles per US dollar.
USD/RUB Forecast Dollar Ruble on April 18, 2017 involves an attempt to test the area of 55.70 rubles per dollar as part of the completion of the Wedge model formation, from which it is expected to rebound and start the pair’s growth in the area above the level of 57 rubles per US dollar.
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