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 growing with the target above the area of 58.60. In favor of the growth of the pair USD/RUB is the test of the support line on the indicator of relative strength index (RSI).
USD/RUB prediction & technical analysis on October 16, 2017
An additional signal in favor of growth is the formation of a bullish «5-0» model at small time intervals. Canceling the growth of the pair USD/RUB on Forex will be the fall and breakdown of the region of 57.50 rubles to the US dollar, which will indicate that the pair will continue to fall below the level of 57. Expect a faster pair growth with a level breakdown of 58.90.
USD/RUB prediction & technical analysis on October 16, 2017 assumes an attempt to test the lower limit of the bullish channel and the continued growth of the Dollar against the Ruble rate to an area above the level of 58.60 Rubles to the US Dollar, an additional signal in favor of the USD/RUB growth is the test line on the indicator relative strength (RSI).