Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 61.99 Rubles for the US Dollar. The pair continues to move within the correction. At the moment, we should expect a test of the support area near the level of 61.00 and the continuation of the growth of the pair above the level of 67.50.
USD/RUB weekly forecast April 30 — May 4, 2018
In favor of the growth of the Dollar Ruble pair will perform a test of the support line 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 area of 58.50, which will indicate the breakdown of the level of support and the continued fall in the rate of the US Dollar against the Russian Ruble. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 63.50.
USD/RUB weekly forecast April 30 — May 4, 2018 suggests a test of the support area near the level of 61.00, from which one should expect the attempt of the Dollar’s rise to the area above the level of 67.50, in favor of the pair’s growth, the trend line test on the relative strength index (RSI), the cancellation of the growth rate of the US Dollar on the current trading week will be the fall and breakdown of the area of 58.50, which will indicate the continuation of the fall of the pair.
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