Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 64.61 Rubles for the US Dollar. The pair continues to move within the bearish channel. Moving averages indicate an uptrend. In the current trading week of April 29 — May 3, 2019, we can expect a continuation of the decline and a test of the support area near the level of 63.45. Where can we expect a rebound and the continuation of the growth of the dollar rate above 67.55.
USD/RUB Forecast and Analysis April 29 — May 3, 2019
The growth of the Dollar Ruble pair will be supported by the formation of an inverted «Head and Shoulders» model on the relative strength index (RSI). The second signal will be a rebound from the bottom of the channel. Cancellation option for the continued growth of the pair Dollar/Ruble will be a decline and a breakdown of the area of 62.05. This will indicate a breakdown of the support area and the continuation of the depreciation of the US dollar against the Russian ruble. Expect confirmation of growth in the pair stands with the breakdown of the resistance area and closing of USD/RUB quotes above the level of 65.95.
USD/RUB Forecast and Analysis April 29 — May 3, 2019 implies an attempt to test the support area near the level of 63.45. Where can we expect an attempt to increase the dollar in the region above the level of 67.55. The formation of an inverted «Head and Shoulders» model on the relative strength index (RSI) will favor growth of the pair. Cancellation of the growth rate of the dollar in the current trading week will be the decline and breakdown of the area of 62.05. What will indicate the continuation of the fall of the pair.