The currency pair US Dollar to Russian Ruble USD/RUB continues to be traded near the local minimum area and at the moment there is a potential for updating the region of the minimum and beginning growth in the area above the level of 57 rubles per US dollar.
USD/RUB Forecast Dollar Ruble on April 20, 2017
In favor of the growth of quotations of the pair is a rebound from the support line on the indicator of relative strength, as well as the breakdown of the upper limit of the Forex model Wedge. Expect to accelerate growth is with the breakdown of the area of 57.00 rubles to the US dollar. Cancellation of the growth option will be a fall and breakdown of the region 55 rubles per US dollar, which will indicate the continued decline in the pair’s quotes.
USD/RUB Forecast Dollar Ruble on April 20, 2017 suggests a rebound attempt and the beginning of growth in the area above the level of 57 rubles per US dollar within the rebound from the support line on the relative strength indicator.
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