Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the reversal Forex model. It is worth waiting for an attempt to rebound and start the pair’s quotes growth in the area above the level of 58 Rubles per US Dollar.
USD/RUB forecast Russian Ruble on May 17, 2017
In favor of the growth of the pair US Dollar to Russian Ruble is the test of an upward trend line on the indicator of relative strength. Expect the acceleration of the growth of quotations of the pair US Dollar to Russian Ruble USD/RUB with the breakdown of the area of 58.80 Rubles to the US Dollar. The abolition of the bullish variant will be the fall and breakdown of the local minimum area, which will indicate that the pair will continue to decline.
USD/RUB forecast Russian Ruble on May 17, 2017 suggests a rebound attempt from the level of 56 Rubles per US dollar as part of the start of the forex development of the model inverted Head and shoulders with the potential growth target above the level of 65 Rubles per US Dollar of local minimum.
