Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 67.91 Russian Rubles for the US Dollar. The pair continues to move within the ascending channel. As part of the technical analysis, on the current trading week of September 3 — 7, 2018, it is expected to test the support area near the level of 65.50 and continue the growth of the pair above the level of 72.20.
USD/RUB weekly forecast & analysis September 3 — 7, 2018
In favor of the growth of the Dollar/Ruble pair will test the uptrend line on the indicator of relative strength index (RSI), as well as a rebound from the lower boundary of the bullish channel. Canceling the option of continuing the growth of the Dollar/Ruble pair will be the fall and breakdown of the region of 63.50, 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 3 — 7, 2018 assumes a test of the support area near the level of 65.50, where we can expect the attempt of the US Dollar to rise above 72.20, in favor of the pair growth, the trend line test on the relative strength index (RSI), the variant of the US Dollar growth on the current trading week will be the fall and breakdown of the region of 63.50, indicating that the pair will continue to decline.
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