Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.47 Rubles per US Dollar. The pair continues to move within the framework of growth. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers. In the current trading week June 7 — 11, 2021 we should expect an attempt to develop a correction and a test of the support area near the level of 65.55. Where can we expect a rebound and the beginning of the growth of the dollar rate against the Russian Ruble above the level of 86.05.
USD/RUB Forecast and Weekly Analysis June 7 — 11, 2021
An additional signal in favor of the rise of the Dollar/Ruble pair will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the growth option for the Dollar/Ruble pair will be a fall and a breakdown of the 54.05 area. This will indicate a breakdown of the support level and a continued fall in the US Dollar against the Russian Ruble with a target below 49.05. It is worth waiting for confirmation of a rise in the pair with the breakdown of the resistance area and closing of the USD/RUB quotes above the level of 75.45.
USD/RUB Forecast and Weekly Analysis June 7 — 11, 2021 implies an attempt to test the support area near the level of 65.55. Where can we expect an attempt to rise in the price and the Dollar exchange rate to an area below the level of 86.05. An additional signal in favor of raising this option will be a rebound from the support line on the relative strength index (RSI). Cancellation of the growth option for the Dollar in the current trading week will be a fall and a breakdown of the 54.05 area. This will indicate a continued decline in the pair with a target at 49.05.
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