Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 65.70 rubles for the US dollar and continues the movement within the correction. As part of the technical analysis of USD/RUB on the current trading week on October 1 — 5, 2018, we should expect a test of the support area near the level of 64.80, from which we should expect a rebound and continued growth of the pair above the level of 69.50.
USD/RUB weekly forecast & analysis October 1 — 5, 2018
In favor of the pair’s growth, the Dollar/Ruble will perform a test of the support area on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the Dollar/Ruble pair will be a decrease and the breakdown of the region of 63.50, which will indicate the breakdown of the lower boundary of the bullish channel and the continued depreciation of the US Dollar against the Russian Ruble. To expect confirmation of growth on the pair is with the breakdown of the resistance area and the closing of the USD/RUB quotations above the level of 67.00.
USD/RUB weekly forecast & analysis October 1 — 5, 2018 assumes a test of the support area near the level of 64.80, where we can expect the attempt of the USD growth to the area above the level of 69.50, in favor of the pair growth, the trend line test on the relative strength index (RSI), the variant of the dollar’s growth on the current trading week will be a decrease and breakdown of the area of 63.50, which will indicate the continuation of the fall of the pair.
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