Currency pair US Dollar Ruble USD/RUB continues to move within the framework of growth. At the moment, there is a potential for falling quotations in the area below the level of 58.90 rubles per US dollar. In favor of falling quotations of the Dollar Ruble pair is the formation of a reversal pattern the «Failure Swing» on the indicator of relative strength index (RSI).
USD/RUB forecast Russian Ruble on July 10, 2017
Near the lower boundary of the channel, we expect a rebound and growth of quotations of the pair in the region above the level of 61.50. In favor of the growth of the pair will perform a tight test of the support line on the indicator of relative strength index (RSI). In the event of a breakdown of the lower boundary of the channel, one should expect the continuation of the fall into the region below the level of 57.50.
USD/RUB forecast Russian Ruble on July 10, 2017 suggests a correction attempt to the lower boundary of the channel as part of the development of the reversal pattern the «Failure Swing» on the indicator of relative strength index (RSI), from the level of 58.90, is expected to rebound and the pair’s growth into the area above the level of 61.50.
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