The currency pair USD/RUB US Dollar to Ruble continues to trade near the area of 56.96 rubles to the US dollar. At the moment, we should expect a tight test of the lower boundary of the rising channel.
USD/RUB Forecast US Dollar to Ruble on May 2, 2017
Near the area of 56.65 rubles per dollar will be the potential for the formation of a bullish Forex model 5-0, where we can expect the pair to continue growing above the level of 57.50 rubles per US dollar. In favor of the growth option, a dense test of the ascending trend line will appear on the indicator of relative strength. Cancellation of the variant of the growth of the pair will be a fall and breakdown of the region of 56 rubles per US dollar, which will indicate the continuation of the decline.
USD/RUB Forecast US Dollar to Ruble on May 2, 2017 suggests an attempt to lower the upstream channel to the lower boundary, from which it is expected to rebound and continue to rise above 57.50 rubles per US dollar.
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