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 area above the level of 59.80, where again we should expect a fall in the quotations of the Dollar/Ruble pair.
USD/RUB forecast & technical analysis on August 25, 2017
In favor of the drop, a resistance line test will be performed on the relative strength indicator (RSI). 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 25, 2017 involves a rebound attempt from the bottom of the model with a target near the area of 59.80, where we can expect the pair to continue to decline.
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