Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.74 Rubles for the US Rollar. The pair continues to move within the framework of the correction and the formation of the «Triangle» model. Moving averages indicate a bullush trend. In the current trading week of March 4 — 8, 2019, a decline is expected and a test of the support area near the level of 65.35. Where can we expect a rebound and continued growth of the dollar above the level of 68.55.
USD/RUB Forecast and Analysis March 4 — 8, 2019
In favor of the growth of the dollar ruble pair will make a test line of support on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the option to continue the growth of the dollar ruble pair will be a decline and a breakdown of the area of 63.45. 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 67.35.
USD/RUB Forecast and Analysis March 4 — 8, 2019 implies an attempt to test the support area near the level of 65.35. Where can we expect an attempt to increase the dollar in the region above the level of 68.55. 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 a decline and a breakdown of 63.45. What will indicate the continuation of the fall of the pair.
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