Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near level 63.01 Ruble for 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 support area near the level of 62.50 and the continuation of the pair’s growth above the level of 65.00.
USD/RUB weekly forecast July 9 — 13, 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 the fall and breakdown of the 61.50 area, which will indicate the breakdown of the level of support 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 64.30.
USD/RUB weekly forecast July 9 — 13, 2018 suggests a test of the support area near the level of 62.50, from where we expect the attempt of the USD/RUB growth to the area above the level of 67.00, in favor of the growth of the pair will perform an uptrend test on the relative strength index (RSI), the cancellation of the growth rate of the US Dollar on the current trading week will be the fall and breakdown of the region of 61.50, which will indicate the continuation of the fall of the pair.