Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 66.43 Rubles for the US Dollar. The pair continues to move within the ascending channel. Moving averages indicate a bullish trend. In the current trading week, December 17 — 21, 2018, a decrease in the support area test near 65.60 is expected. Where can we expect a rebound and continued growth of the dollar above the level of 72.05.
USD/RUB weekly forecast & analysis December 17 — 21, 2018
In favor of the growth of the pair Dollar/Ruble will be a test of the trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the bullish channel. Cancellation option for the continued growth of the pair Dollar/Ruble will be a decline and a breakdown of the area of 64.40. This will indicate a breakdown of the lower boundary of the rising channel 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 the USD/RUB quotes above the level of 68.05.
USD/RUB weekly forecast & analysis December 17 — 21, 2018 implies an attempt to test the support area near the level of 65.60. Where can we expect an attempt to increase the dollar in the region above the level of 72.05. 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 the decline and breakdown of the area of 64.40. What will indicate the continuation of the fall of the pair.
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