Currency pair US Dollar to Russian Ruble USD/RUB continues to trade below the Triangle boundary line. At this point, we should expect a rebound from the breached model and continue the decline in the Dollar/Ruble pair quotations with a potential target below the level of 57.25.
USD/RUB forecast & technical analysis on August 30, 2017
In favor of the drop, a resistance line test will be performed on the relative strength indicator (RSI). The abolition of the option of reducing the Dollar/Ruble pair will result in a strong growth and breakdown of the region of 59.50, indicating that the pair will continue to rise above the level of 60.40. Expect to accelerate the fall is a breakdown level 58.
USD/RUB forecast & technical analysis on August 30, 2017 assumes a rebound attempt from the truncated Triangle model boundary and the continuation of the decline to the area below the level of 57.25, an additional signal will be a trend resistance test on the relative strength indicator (RSI), the cancellation will be a breakdown at level 59.50.
