The currency pair US Dollar to Russian Ruble USD/RUB continues to move within the development of a downward trend and is currently testing the area of the upper border of the descending channel near the level of 56.45 rubles to the US dollar. It is worth waiting for an attempt to break the upper border of the channel and continue the growth of quotations Dollar Ruble to the area above the level of 57.50 rubles per dollar.
USD/RUB Forecast Dollar Ruble on April 7, 2017
In favor of the growth of the pair is a rebound from the support line on the indicator of relative strength, as well as the completion of the formation of the head and shoulders reversal pattern on the indicator. Cancellation of the growth option will be a fall and breakdown of the region of 55 rubles per dollar, which will indicate the continued decline in the pair USD/RUB.
USD/RUB Forecast Dollar Ruble on April 7, 2017 suggests an attempt to continue correction in the area above the level of 57.50, breakdown of area 58 will indicate a possible completion of the decline and a tight test of the area of 59.60 rubles per dollar, with a drop and a breakdown of the region 55.
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