Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 68.44 Rubles for the US Dollar and continues the development of correction. As part of the technical analysis, on the current trading week on September 17 — 21, 2018, you should expect a test of the support area near the level of 67.00, from which you should expect a rebound and continued growth of the pair above the level of 73.00.
USD/RUB weekly forecast & analysis September 17 — 21, 2018
In favor of the pair’s growth, the Dollar/Ruble will perform an uptrend test on the relative strength index (RSI), as well as a test of the lower boundary of the rising channel. Canceling the option of continuing the growth of the Dollar/Ruble pair will be a drop and a breakdown of the area of 65.50, 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 upward trend for the pair is with the breakdown of the resistance area and the closing of the USD/RUB quotations above the level of 69.00.
USD/RUB weekly forecast & analysis September 17 — 21, 2018 suggests an attempt of testing the support area near the level of 67.00, from which it is expected to attempt the growth of the Dollar in the area above the level of 73.00, in favor of the pair growth, the trend line test on the indicator of relative strength index (RSI).