Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the «Triangle» model. At this point, we should expect an attempt to test the bottom of the model near the area of 58.80. Where can we expect a rebound and the growth of quotations in the area above the level of 60.70.
USD/RUB forecast & technical analysis on August 17, 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 17, 2017 suggests an attempt to test the lower boundary of the «Triangle» model and start growth in the upper boundary area near the area of 60.70.
