Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.65 Rubles for the US Dollar and continues to move within the bullish channel. As part of the technical analysis of USD/RUB in the current trading week from November 5 — 9, 2018, we should expect a test of the support area near the level of 64.55, from which we can expect a rebound and continued growth of the pair above the level of 68.50.
USD/RUB weekly forecast & analysis November 5 — 9, 2018
In favor of the growth of the pair Ruble/Dollar 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 rising channel. Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a decline and a breakdown of the area of 63.00, which will indicate a breakdown of the lower boundary of the upward channel and a further decline in the rate 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 the USD/RUB quotes above the level of 66.50.
USD/RUB weekly forecast & analysis November 5 — 9, 2018 implies an attempt to test the support area near 64.55, from which we can expect an increase in the dollar above 68.50, in favor of the pair’s growth, the trend line test on the relative strength index (RSI) will cancel the option for the growth of the dollar in the current trading week will be a decline and a breakdown of the area of 63.00, which will indicate that the pair will continue to fall.