Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 66.72 Russian 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 8 — 12, 2018, we should expect a test of the support area near the level of 65.50, from which we can expect a rebound and continued growth of the pair above the level of 71.50.
USD/RUB weekly forecast & analysis October 8 — 12, 2018
In favor of the growth of the dollar ruble pair will make a test line of support 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 63.50, which will indicate a breakdown of the lower boundary of the rising 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 67.50.
USD/RUB weekly forecast & analysis October 8 — 12, 2018 implies an attempt to test the support area near the level of 65.50, from which we can expect an attempt to grow the Dollar to an area above the level of 71.50.