Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the «Head and Shoulders» reversal pattern. The pair is expected to rise above the level of 60.5 rubles per dollar, where again we should expect a rebound and a drop in quotations below the level of 58 rubles per dollar.
USD/RUB forecast & technical analysis on July 21, 2017
In favor of the growth of the pair is the test of the trend line on the indicator of relative strength index (RSI). The abolition of the variant of formation of the reversal model will be a breakdown of the level 61.
USD/RUB forecast & technical analysis on July 21, 2017 suggests an attempt to increase to the area of 60.50, where we expect the rebound and the fall of the Dollar Ruble pair quotations to be below the level of 58.
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