Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 114.69 Rubles per US Dollar. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week March 14 — 18, 2022 we should expect an attempt to develop a decline and test the support area near the level of 105.05. Where should we expect a rebound upwards and continued growth of the Dollar against the Russian Ruble above the level of 155.05.
USD/RUB Weekly Forecast March 14 — 18, 2022
An additional signal in favor of the rise of the Dollar/Ruble pair will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the growth option for the Dollar/Ruble pair will be a fall and a breakdown of the 95.05 area. This will indicate a breakdown of the support level and a continued fall in the US Dollar against the Russian Ruble with a target below the level of 80.55. Expect confirmation of growth for the pair with a breakdown of the resistance area and closing of USD/RUB quotes above the level of 125.55.
USD/RUB Weekly Forecast March 14 — 18, 2022 suggests an attempt to test the support area near the level of 105.05. Where should we expect an attempt to fall in growth and the dollar rate to the area above the level of 155.05. An additional signal in favor of this option will be a rebound from the trend line on the relative strength index. Cancellation of the growth option for the dollar in the current trading week will be a fall and a breakdown of the 95.05 area. Which will indicate a continued decline in the pair with a target at the level of 80.55.
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