Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the flat trend. At this point, we should expect an attempt to test the level of 58.10 rubles and continue falling below the level of 56 rubles per US dollar. In favor of the fall of the pair USD/RUB, a resistance area test will be performed on the relative strength indicator (RSI).
USD/RUB prediction & technical analysis on October 12, 2017
An additional signal in favor of the fall is the formation of the «Head and Shoulders» reversal pattern. The cancellation of the USD/RUB fall forex variant will result in a strong growth and breakdown of the region of 59 rubles per US dollar, which will indicate that the pair will continue to rise above the level of 60. Expect a faster pair fall from the level of 57.10.
USD/RUB prediction & technical analysis on October 12, 2017 assumes a test of the level of 58.10 rubles per dollar and the continuation of the dollar’s depreciation in the area below 56 rubles per US dollar, an additional signal in favor of the USD/RUB decline is the resistance area test on the relative indicator strength (RSI), as well as the formation of a reversal model of the «Head and Shoulders».
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
