Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the «Triangle» model. At the moment, quotes are testing the lower limit of the model, we should expect a rebound and a pair growth in the area above the level of 60.50.
USD/RUB forecast & technical analysis on August 23, 2017
In favor of the growth of the Dollar/Ruble pair is the test of the support area 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 pair’s growth option will be a fall and breakdown of the area at 58.30, which will indicate the outflow of the quotes outside the «Triangle» and accelerate the decline of the pair USD/RUB with a target in the local minimum area.
USD/RUB forecast & technical analysis on August 23, 2017 assumes a rebound from the lower boundary of the model and the continuation of growth in the area above the level of 60.50, an additional signal is the test of the support area on the indicator of relative strength index (RSI).
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