Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 61.76 Ruble 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 61.40 and the continuation of the pair’s growth above the level of 66.50.
USD/RUB weekly forecast May 14 — 18, 2018
In favor of the pair’s growth, the Dollar Ruble will test the lower border of the rising channel on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the Dollar/Ruble pair will be a fall and breakdown of the area of 60.00, which will indicate the breakdown of the support level 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 upper limit of the «Triangle» model and the closing above the level of 64.00.
USD/RUB weekly forecast May 14 — 18, 2018 suggests a test of support area attempt to near the level of 61.40, where we can expect an attempt to boost the dollar to above the level of 66.50, in favor of the growth of the pair will perform the lower boundary of the channel test indicator of relative strength index (RSI), the cancellation of the growth rate of the Dollar on the current trading week will be a fall and breakdown of the area of 60.00, which will indicate the continuation of the fall of the pair.