Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the Triangle model. At the moment, we should expect the fall of the Dollar/Ruble pair to fall to the lower boundary of the model and continue to grow above the level of 60.60 Rubles per US Dollar.
USD/RUB forecast & technical analysis on August 8, 2017
In favor of the growth of the Dollar/Ruble pair will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the dew variant will be the fall and breakdown of the area of 58.20, which will indicate the continuation of the pair’s decline. Expect to accelerate the growth of the pair is with the breakdown of the upper boundary of the Triangle model.
USD/RUB forecast & technical analysis on August 8, 2017 suggests an attempt to fall into the region below the Triangle boundary at the level of 59 Rubles per US Dollar, from which one should expect a rebound and a pair rise above the level of 60.60.
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