Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the Triangle model. At the moment, we should expect an attempt to test the lower boundary of the model near the area of 59 Rubles per US Dollar.
USD/RUB forecast & technical analysis on August 22, 2017
Where can we expect a rebound and the growth of quotations in the area above the level of 60.70. 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 58.30, which will indicate the exit of quotes outside the Triangle and acceleration of the pair USD/RUB pair decline.
USD/RUB forecast & technical analysis on August 22, 2017 suggests a rebound from the lower boundary of the Triangle model and the beginning of growth in the area above the level of 60.70, the breakdown of the region breakout will be 58.30.
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