Currency pair US Dollar to Russian Ruble USD/RUB continues to move near the resistance level of 57.80 rubles to the US dollar. At this point, we should expect an attempt to test the upper limit of the downlink near the level of 58.30 Rubles and the continuation of the fall below 56.70.
USD/RUB prediction & technical analysis on October 3, 2017
In favor of the fall of the pair USD/RUB will test the resistance line on the indicator of relative strength index (RSI). An additional signal in favor of the fall will be the formation of a reversal model of the «Head and Shoulders». The cancellation of the fall of the USD/RUB pair on Forex will result in a strong growth and breakdown of the region of 59 Rubles per US Dollar, which indicates that the pair will continue to rise above the level of 60. To expect the pair to fall faster, the breakdown of the area is 57.20, which will indicate a break of the level of the neck line of the reversal pattern.
USD/RUB prediction & technical analysis on October 3, 2017 suggests an attempt to test the upper border of the channel near 58.40 Rubles to the US Dollar and continue the fall of the dollar to below 56.50 Rubles to the US Dollar, an additional signal in favor of the USD/RUB decline will be the resistance areas at indicator of relative strength index (RSI).