Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 62.09 Rubles for the US Dollar. The pair continues to move within the framework of correction and formation of the «Triangle» model. At the moment, we should expect a test of the support area near the level of 61.00 and continue the growth of the pair above the level of 66.50 as part of the model’s development.
USD/RUB weekly forecast June 4 — 8, 2018
In favor of the growth of the Dollar/Ruble pair will break 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 area of 59.50, 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. Expect to confirm the growth of the pair is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 63.40.
USD/RUB weekly forecast June 4 — 8, 2018 assumes an attempt to test the support area near the level of 61.00, where we can expect the attempt of the US Dollar growth to the area above the level of 66.50, in favor of the pair growth, the breakdown of the trend line on the relative strength indicator, the variant of the Dollar’s growth on the current trading week will be the fall and breakdown of the area of 59.50, which will indicate the continuation of the fall of the pair.
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