Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of an inverted reversal forex pattern «Head and Shoulders». It is necessary to expect the test of the area of 56.20 Rubles per US Dollar and the continuation of the growth of the pair US Dollar to Russian Ruble USD/RUB quotations with the first target near the region of 58 Rubles per US Dollar.
USD/RUB forecast & technical analysis May 23, 2017
In favor of the growth of USD/RUB quotes is the test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of the growth of the pair will be a fall and breakdown of the region of 55.50 Rubles per US Dollar, which will indicate the continued decline in quotations in the area of the new local minimum.
USD/RUB forecast & technical analysis May 23, 2017 suggests an attempt to grow as part of the start of the development of the reversal forex pattern «Head and Shoulders», an additional signal is the support line test on the indicator of relative strength index (RSI), the breakdown of the region will be 55.50 Rubles per US dollar.
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