Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the Triangle model. At the moment, we should expect a test of the support area near the area of 59.50 rubles per dollar and then continue to grow above the level of 63 rubles.
USD/RUB forecast & technical analysis on August 16, 2017
In favor of the growth of the Dollar/Ruble pair is the test of the support line on the indicator of relative strength index (RSI). Expect the acceleration of the pair USD/RUB pair growth with the breakdown of the upper bound of the Triangle model and the closing of quotations above the level of 61.
The cancellation of the growth option of the Dollar/Ruble pair on Forex will be the fall and the breakdown of the area of 58.50, which will indicate the continued decline of the pair and the Triangle model with a target below the level 55.
USD/RUB forecast & technical analysis on August 16, 2017 assumes a test of the support level level and the beginning of growth above the level of 63, an additional signal is a test of the support line on the indicator of relative strength index (RSI).
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