Currency pair US Dollar to Russian Ruble USD/RUB finishes the trading week near the level of 67.24 Rubles for the US Dollar. The pair continues to move within the bullish channel. In the current trading week of November 12 — 16, 2018 we can expect a test of the support area near the level of 66.55. Where can we expect a rebound and continued growth of the dollar above the level of 71.50.
USD/RUB weekly forecast & analysis November 12 — 16, 2018
In favor of the growth of the dollar/ruble pair will make a test trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the option of continuing the growth of the pair Ruble/Dollar will be a decline and a breakdown of the area of 64.00. 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 for the pair is with the breakdown of the resistance area and closing of USD/RUB quotations above the level of 68.50.
USD/RUB weekly forecast & analysis November 12 — 16, 2018 implies an attempt to test the support area near the level of 66.55. Where should we expect an attempt to increase the dollar in the area above the level of 71.50. 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 64.00. What will indicate the continuation of the fall of the pair.
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