Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.95 Rubles for the US Dollar. The pair continues to move within the ascending channel. In the current trading week November 19 — 23, 2018, we should expect a test of the support area near the level of 65.00. Where can we expect a rebound and the continuation of the growth of the dollar rate above 70.00.
USD/RUB weekly forecast & analysis November 19 — 23, 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 option for the continued 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 in 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 19 — 23, 2018 implies an attempt to test the support area near the level of 65.00. Where should we expect an attempt to increase the dollar in the region above the level of 70.00. 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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