Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.20 Rubles for the US Dollar. The pair continues to move within the correction. Moving averages indicate a bullish trend. In the current trading week of April 8 — 12, 2019 we can expect a decline and a test of the support area near the level of 64.35. Where can we expect a rebound and continued growth of the dollar above 70.45.
USD/RUB Forecast and Analysis April 8 — 12, 2019
In favor of the growth of the dollar ruble pair will be a test of the support line on the indicator of 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 62.65. 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 is with the breakdown of the resistance area and closing of USD/RUB quotes above the level of 66.25.
USD/RUB Forecast and Analysis April 8 — 12, 2019 implies an attempt to test the support area near the level of 64.35. Where should we expect an attempt to increase the dollar in the region above the level of 70.45. In favor of the pair will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth rate of the dollar in the current trading week will be the decline and breakdown of the area of 62.65. What will indicate the continuation of the fall of the pair.
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