Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 56.68 Rubles per US Dollar. The pair continues to move within the bearish channel. At the moment, we should expect a test of the resistance level near the area of 57.60 and the continuation of the fall of the pair below the level of 55.20.
USD/RUB weekly forecast on March 12 — 16, 2018
In favor of the fall of the Dollar/Ruble pair is the resistance area test on the relative strength index (RSI). The abolition of the continuation of the fall of the Dollar/Ruble pair will result in a strong growth and breakdown of the area of 59.50, which will indicate the breakdown of the upper boundary of the descending channel and the continued growth of the Dollar against the Russian Ruble. Expect to accelerate the growth of the pair is with the breakdown of the support area and closing below the level of 56.10.
USD/RUB weekly forecast on March 12 — 16, 2018 suggests a test of the resistance area 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 55.20, in favor of the fall of the pair, the trend line test on the indicator of relative strength index (RSI), the variant of the dollar’s depreciation on the current trading week will be a strong growth and breakdown of the region of 59.50, indicating that growth will continue.