Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 68.34 Rubles for the US Dollar. The pair continues to move within the bullish channel. Moving averages indicate an uptrend. In the current trading week December 24 — 28, 2018, a decline is expected and a test of the support area near the level of 66.85. Where can we expect a rebound and continued growth of the dollar above 74.65.
USD/RUB weekly forecast & analysis December 24 — 28, 2018
In favor of the growth of the pair Dollar/Ruble will make a test of the trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper limit of the model «Triangle». Cancellation of the option to continue the growth of the pair Dollar/Ruble will be the decline and breakdown of the area of 64.50. 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. The pair is expected to accelerate growth with the breakdown of the resistance area and closing of the USD/RUB quotes above the level of 69.75.
USD/RUB weekly forecast & analysis December 24 — 28, 2018 implies an attempt to test the support area near the level of 66.85. Where should we expect an attempt to increase the dollar in the region above the level of 74.65. 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 64.50. What will indicate the continuation of the fall of the pair.
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