Currency pair US Dollar to Russian Ruble USD/RUB continues to trade below the «Triangle» boundary line. At the moment, we should expect a test of the support area near the level of 58 rubles per dollar and the continuation of the growth of the Dollar/Ruble pair quotations above the level of 59.50.
USD/RUB forecast & technical analysis on August 31, 2017
In favor of the growth of the pair will make the formation of the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Dollar Ruble pair will be the fall and the breakdown of the area of 57.60, which will indicate the continuation of the pair’s decline below the level of 56.50. Expect to accelerate the growth of the pair USD/RUB is worth a breakdown of the level of 58.80.
USD/RUB forecast & technical analysis on August 31, 2017 involves an attempt to rebound from the support level and continue growth to an area above the level of 59.50, an additional signal is the formation of a reversal model on the relative strength indicator (RSI).
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