Currency pair US Dollar to Russian Ruble USD/RUB continues to test the support area near the level of 58. At the moment, we should expect to expect a rebound and the continued growth of the Dollar/Ruble pair quotations above the level of 59.50.
USD/RUB forecast & technical analysis on September 1, 2017
In favor of the growth of the pair is 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 September 1, 2017 assumes a rebound attempt from the support level and further growth to the area above the level of 59.50, an additional signal is the formation of a reversal model on the relative strength indicator (RSI), the drop will be a break and the breakdown of the area is 56.50.
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