Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 66.16 rubles for the US Dollar and continues to move within the limits of the decline. As part of the technical analysis of USD/RUB on the current trading week on September 24 — 28, 2018, we should expect a resistance area test near the level of 67.50, from which we expect a rebound and continue falling below 63.50.
USD/RUB weekly forecast & analysis September 24 — 28, 2018
In favor of reducing the pair, the Dollar Ruble will perform a test of a broken trend line on the indicator of relative strength index (RSI). The abolition of the continuation of the fall of the Dollar/Ruble pair will result in strong growth and breakdown of the region of 68.50, which will indicate a breakdown in resistance and the continued growth of the US Dollar against the Russian Ruble. To expect confirmation of the fall on the pair is with the breakdown of the support area and closing of the USD/RUB quotations below the level of 65.50.
USD/RUB weekly forecast & analysis September 24 — 28, 2018 suggests an attempt to test the resistance area near the level of 67.50, from where we expect the attempt of the Dollar’s growth in the area below the level of 63.50, in favor of the pair’s decline, the trend line test on the indicator of relative strength index (RSI).
