Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.40 rubles for the US dollar. The pair continues to move within the descending channel and the formation of the «Triangle» model. Moving averages indicate an uptrend. In the current trading week of June 10 — 14, 2019, a decline is expected and a test of the support area near the level of 64.45. Where can we expect a rebound and the continuation of the growth of the dollar rate above 67.55.
USD/RUB Forecast and Analysis June 10 — 14, 2019
In favor of the growth of the dollar/ruble pair will perform a test of the rising support line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation option for the continued growth of the pair Dollar/Ruble will be a decline and a breakdown of the area of 62.95. 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 upper boundary of the model «Triangle» and closing of USD/RUB quotations above the level of 66.35.
USD/RUB Forecast and Analysis June 10 — 14, 2019 implies an attempt to test the support area near the level of 64.45. Where can we expect an attempt to increase the dollar in the region above the level of 67.55. An additional signal will be a rebound from the support line on the 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 62.95. What will indicate the continuation of the fall of the pair.