Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the lateral trend. At this point, we should expect an attempt to test the bottom of the uplink and continue growth with the target above the area of 58.90. In favor of the growth of the pair USD/RUB will perform a test of the support line on the indicator of relative strength index (RSI).
USD/RUB prediction & technical analysis on October 13, 2017
An additional signal in favor of growth is the formation of a bullish «5-0» model. Cancellation of the growth option for the USD/RUB pair on Forex will be the fall and breakdown of the region of 57.50 Rubles to the US Dollar, which will indicate the continuation of the pair’s decline below the level of 57. Expect to accelerate the pair’s growth with a level breakdown of 58.
USD/RUB prediction & technical analysis on October 13, 2017 assumes an attempt to test the lower limit of the rising channel and the continuation of the Dollar’s growth in the area above the level of 58.90 Rubles to the US Dollar, an additional signal in favor of the USD/RUB growth will be a support line test on the relative strength index (RSI).