Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 62.75 Rubles for the US Dollar. The pair continues to move within the correction and the start of the «Triangle» model. At the moment, we should expect a test of the upper limit of the Triangle model near the level of 62.20 and the continuation of the growth of the pair above the level of 67.00.
USD/RUB weekly forecast July 2 — 6, 2018
In favor of the growth of the Dollar/Ruble pair will test the trend line on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the Dollar/Ruble pair will be a fall and breakdown of the area of 60.00, which will indicate the breakdown of the support level 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 64.50.
USD/RUB weekly forecast July 2 — 6, 2018 suggests a test of the support area near the level of 62.20, where we can expect the attempt of the USD growth to the area above the level of 67.00, in favor of the pair growth, an uptrend test on the relative strength index (RSI), the cancellation of the growth rate of the Dollar on the current trading week will be a fall and breakdown of the area of 60.00, which will indicate the continuation of the fall of the pair.
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