Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 58.28 Rubles per US Dollar. The pair continues to move within the bearish channel. At the moment, we should expect a test of the support level near the area of 57.10 and the continuation of the pair’s growth above the level of 61.00. In favor of reducing the Dollar/Ruble pair is the trendline test on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model.
USD/RUB weekly forecast on February 12 — 16, 2018
Canceling the option of continuing the growth of the Dollar/Ruble pair will be a fall and breakdown of the area at 55.20, which will indicate the breakdown of the lower border of the channel and the continued fall of the US Dollar against the Russian Ruble. Expect to accelerate the growth of the pair is with the breakdown of the level of 56.80.
USD/RUB weekly forecast on February 12 — 16, 2018 suggests an attempt to test the lower border of the channel near the level of 57.20, where we can expect the attempt of the Dollar’s growth in the area above the level of 61.00, in favor of the pair’s growth, the reversal model «Head and Shoulders» the variant of the Dollar’s growth on the current trading week will be the fall and breakdown of the area of 55.00, which will indicate the continuation of the fall below the level of 54.00.