The currency pair US Dollar to Russian Ruble USD/RUB continues to move within the limits of the decline, the pair correction took place slightly deeper than expected in the previous forecast USD/RUB. At the moment, we should expect a tight test of the lower border of the rising channel and the continuation of the growth of the Dollar Ruble quotations to the area above the level of 58 rubles per US dollar.
USD/RUB Forecast US Dollar to Russian Ruble on May 12, 2017
In favor of the USD/RUB growth, an uptrend test on the relative strength indicator will perform, the pair’s growth option will be canceled by the breakdown of the region of 56 rubles per US dollar, which indicates that the quotes will continue to fall below 55.
USD/RUB Forecast US Dollar to Russian Ruble on May 12, 2017 suggests an attempt to test the lower limit of the rising channel and continue the pair’s growth to an area above the level of 58 rubles per US dollar, in support of growth, a support test will be made on the relative strength indicator.
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