Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 58.50 Rubles per US dollar. The pair continues to move within the framework of the «Triangle» model. At the moment, we should expect a test of the resistance level near 58.00 and the continued growth of the pair above the level of 60.00.
USD/RUB weekly forecast on on December 4 — 8, 2017
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). The abolition of the variant of the Dollar/Ruble pair growth will be the fall and the breakdown of the area of 56.60, which will indicate the continued fall of the Dollar against the Russian Ruble. Expect to accelerate the growth of the pair is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 61.00.
USD/RUB weekly forecast on on December 4 — 8, 2017 assumes a test of the level of 58.50, from where we expect the dollar to rise above 60.00, in favor of the pair’s growth, a support line test will be performed on the relative strength index (RSI), the trading week will fall and the breakdown of the area is 56.60.