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. It is expected to rebound quotes and growth in the upper boundary at the level of 60.50 Rubles per US Dollar.
USD/RUB forecast & technical analysis on August 24, 2017
In favor of growth 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 24, 2017 suggests a rebound from the lower boundary of the Triangle and the pair’s growth in the upper region at the level of 60.50, the breakdown will be breakdown at level 58.30.
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