Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 58.06 Ruble for the US Dollar. The pair continues to move within the descending channel. At the moment, we should expect a test of the support area near the level of 57.60 and the continuation of the pair’s growth above the level of 60.40.
USD/RUB weekly forecast April 9 — 13, 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 at 56.30, which will indicate the breakdown of the support level of the channel and the continued fall in the rate of the US Dollar against the Russian Ruble. Expect to accelerate the growth of the pair is with the breakdown of the upper boundary of the bearish channel and the closing above the level of 59.30.
USD/RUB weekly forecast April 9 — 13, 2018 assumes a test of the support area near the level of 57.60, where we can expect the attempt of the US Dollar growth to the area above the level of 60.40, in favor of the pair growth, the trend line test on the relative strength indicator will perform also the formation of the reversal pattern «Double Bottom», the cancellation of the growth option of the US Dollar on the current trading week will be the fall and breakdown of the area of 56.30, which will indicate the continuation of the fall of the pair.
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