Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 69.45 Rubles for the US Dollar. The pair continues to move within the bullish channel. As part of the technical analysis, on the current trading week, September 10 — 14, 2018, we expect a test of the support area near the level of 68.50 and the continued growth of the pair above the level of 72.90.
USD/RUB weekly forecast & analysis September 10 — 14, 2018
In favor of the pair’s growth, the Dollar Ruble will perform an upward trend test on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the Dollar/Ruble pair will be the fall and breakdown of the region of 64.50, which will indicate the breakdown of the lower border of the channel and the continued depreciation of the US Dollar against the Russian Ruble. To expect confirmation of the development of the bullish trend for the pair is with the breakdown of the resistance area and the closing of USD/RUB quotations above the level of 68.80.
USD/RUB weekly forecast & analysis September 10 — 14, 2018 assumes an attempt to test the support area near the level of 69.45, from where we expect the attempt of the USD growth to the area above the level of 72.90, in favor of the pair’s growth, the trend line test on the relative strength index (RSI).
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