Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the reversal forex pattern “Head and Shoulders”. However, to expect the continued growth of the pair is only with the breakdown of the area 58.80 Russian Rubles per US dollar.
USD/RUB forecast Russian Ruble on May 22, 2017
In this case, we should expect the growth of the pair US Dollar to Russian Ruble USD/RUB to continue and the development of the head and shoulders reversal model. In favor of this option will test the support line on the indicator of relative strength index (RSI). In the event of a breakdown of the region of 56 Russian Rubles per US dollar, one should expect a strong fall of the pair in the area below the level 53 Russian Rubles per US dollar.
USD/RUB forecast Russian Ruble on May 22, 2017 assumes a test of the level 56.80 and continuation of the pair’s growth with the first target near the level 58.80 Russian Ruble to US Dollar, the breakdown of the region will be 56 Russian Ruble to US Dollar, which will indicate a strong decrease in quotations USD/RUB.
