Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.59 Rubles for the US Dollar and continues to move within the ascending channel. As part of the technical analysis of USD/RUB in the current trading week of October 22 — 26, 2018, we can expect a test of the support area near the level of 65.30, from where we can expect a rebound and continued growth of the pair above the level of 70.50.
USD/RUB weekly forecast & analysis October 22 — 26, 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). 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 for the pair is with the breakdown of the resistance area and closing of the USD /RUB quotes above the level of 67.05.
USD/RUB weekly forecast & analysis October 22 — 26, 2018 implies an attempt to test the support area near the level of 65.30, from which we can expect an attempt to grow the Dollar to an area above the level of 70.50, in favor of the pair’s growth will be a test of the trend line on the relative strength index (RSI), canceling 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.
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