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 18, 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 to accelerate the growth of the pair USD/RUB on Forex costs with the breakdown of the upper limit of the Triangle model and the closing of quotes above the level of 61, which indicates a potential increase above the level of 62.50.
Cancellation of the variant of the Dollar/Ruble pair growth will be a drop and a breakdown of the area of 58.50, which will indicate the exit of quotes outside the Triangle model.
USD/RUB forecast & technical analysis on August 18, 2017 suggests a rebound from the lower boundary of the model and the pair’s growth to an area above the level of 60.50 Rubles to the US Dollar, with a break-out of the breakout of the region of 58.50.
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