Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 66.72 Russian Rubles for the US Dollar. The pair continues to move within the framework of strong growth and the start of the «Triangle» model development. At the moment, we should expect a test of the support area near the level of 65.20 and the continuation of the pair’s growth above the level of 71.80.
USD/RUB weekly forecast & analysis August 13 — 17, 2018
In favor of the growth of the Dollar/Ruble pair will test the trend line on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the Dollar/Ruble pair will be the fall and breakdown of the area at 63.30, which will indicate the breakdown of the lower border of the channel and the continued depreciation of the US Dollar against the Russian Ruble. To expect confirmation of the bullish trend on the pair is with the breakdown of the resistance area and the closing of quotations above the level of 69.00.
USD/RUB weekly forecast & analysis August 13 — 17, 2018 assumes a test of the support area near the level of 65.20, where we can expect the attempt of the US Dollar growth to the area above the level of 71.80, in favor of the pair growth, the trend line test on the relative strength index (RSI).