Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 56.54 rubles to the US dollar. The pair continues to move below the lower bound of the «Triangle» model. At the moment, we should expect a test of the broken model boundary near the area of 57.60 and continuation of the fall of the pair below the level of 54.60.
USD/RUB weekly forecast on January 15 — 19, 2018
In favor of the fall of the Dollar Ruble pair will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of the fall of the Dollar/Ruble pair will result in a strong growth and breakdown of the area at 59.00, which will indicate the continued growth of the Dollar against the Russian Ruble. Expect to accelerate the fall of the pair is with the breakdown of the level of support and closing below the level of 56.50.
USD/RUB weekly forecast on January 15 — 19, 2018 suggests an attempt of the test of the broken triangle of the «Triangle» model near the level of 57.60, from where it is expected to attempt the fall of the Dollar in the area below the level of 56.50, in favor of the fall of the pair, the trend line test on the indicator of relative force, the cancellation of the variant of the depreciation of the Dollar on the current trading week will be a strong growth and breakdown of the area of 59.00, which indicates the continuation of growth above the level of 60.