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 support area near the level of 57 rubles per US dollar and continue growing. 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 20, 2017
An additional signal in favor of growth is the formation of the reversal model «Double Bottom». Cancellation of the growth option for the USD/RUB pair on Forex will be a fall and breakdown of the region of 56 rubles per US dollar, which will indicate that the pair will continue to fall below the level of 55. Expect to accelerate the pair’s growth with a level breakdown of 58.90, which will indicate the confirmation of the formation of the reversal pattern.
USD/RUB prediction & technical analysis on October 20, 2017 assumes an attempt to test the lower border 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 of the support area at indicator of relative strength index (RSI).