Quotations of the currency pair US Dollar to Russian Ruble USD/RUB are traded at the level of 57.52. At the moment, quotes of the pair test the resistance level. It is expected to slightly adjust the quotes of the pair near the level of 57.80 and fall of quotations of the pair US Dollar to Russian Ruble USD/RUB to the support area at the level of 55.90.
USD/RUB forecast & technical analysis on May 19, 2017
In case of breakdown of the level of support, we should expect the continuation of the pair USD/RUB decline with a target below 55.00. Cancellation of the falling quotations of the currency pair US Dollar to Russian Ruble USD/RUB will be a breakdown of the resistance level and consolidation of quotations above the level of 58.40, indicating a potential test of the upper boundary of the descending channel. However, as the main option, you should expect the USD/RUB to fall below 55.90.
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