Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.50 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 58.50 and the continuation of the fall of the pair below the level of 55.20.
USD/RUB weekly forecast on March 19 — 23, 2018
In favor of the fall of the Dollar Ruble pair is the resistance line test on the relative strength index (RSI). The abolition of the option of continuing 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 bearish channel and the continued growth of the US 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 19 — 23, 2018 suggests a test of the resistance area near the level of 57.50, from where we expect the attempt of the US Dollar falling to the area below the level of 55.20, in favor of the fall of the pair, the trendline test on the indicator of relative strength index (RSI).
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