Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 58.79 Rubles to the US Dollar. The pair continues to move within the framework of the «Triangle» model. At the moment, we should expect a test of the resistance level near the area of 59.70 and continuation of the fall of the pair below the level of 57.50.
USD/RUB weekly forecast on December 18 — 22, 2017
In favor of the fall of the Dollar Ruble pair is the formation of the reversal pattern «Head and Shoulders» on the indicator of relative strength. The cancellation of the variant of the fall of the Dollar/Ruble pair will result in a strong growth and breakdown of the area of 60.00, which will indicate the continued growth of the Dollar against the Russian Ruble. Expect to accelerate the fall of the pair is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 56.50.
USD/RUB weekly forecast on December 18 — 22, 2017 assumes a test of the level of 59.70, from which it is expected to attempt the fall of the Dollar into the area below the level of 57.50, in favor of the pair’s fall is the formation of a reversal model on the indicator of relative strength index (RSI), on the current trading week will be a strong growth and breakdown of the area of 60.00, indicating that the continuation of growth above level 62.
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