Currency pair US Dollar to Russian Ruble USD/RUB broke the lower limit of the «Triangle» model and is trading below the lower limit of the model. At the moment, we should expect a test of the broken model’s border and the continuation of the decline in the Dollar/Ruble.
USD/RUB forecast & technical analysis on August 29, 2017
In favor of the drop, a resistance line test will be performed on the relative strength indicator (RSI). Canceling the option of reducing the pair will be the growth and breakdown of the area of 59.50, indicating that the pair continues to grow above the level of 60.40. Expect to accelerate the fall is a breakdown level 58.
USD/RUB forecast & technical analysis on August 29, 2017 assumes an attempt to test the broken Triangle border and continue the decline to the area below the level of 57.20, an additional signal will test the trend line on the relative strength indicator (RSI).
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