Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 64.31 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, June 17 — 21, 2019, an increase in the resistance area test near the 64.85 level is expected. Where can we expect a rebound and the continuation of the fall of the dollar below 61.05.
USD/RUB Forecast and Analysis June 17 — 21, 2019
In favor of the fall of the pair Dollar/Ruble will test the downward trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper limit of the model «Triangle». Cancellation option to continue the fall of the pair Dollar Ruble will be a strong growth and the breakdown of the area of 66.35. This will indicate a breakdown of the area of resistance and the continuation of the growth rate of the US Dollar against the Russian Ruble. Expect confirmation of the decline in the pair is with the breakdown of the lower boundary of the model «Triangle» and closing of USD/RUB quotes below the level of 63.65.
USD/RUB Forecast and Analysis June 17 — 21, 2019 implies an attempt to test the resistance area near the level of 64.85. Where should we expect an attempt to drop the Dollar to the area below the level of 61.05. An additional signal will be a rebound from the resistance line on the relative strength index (RSI). Cancellation option for the fall of the dollar in the current trading week will be a strong growth and the breakdown of 66.35 area. What will indicate a continued rise of the pair.
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