Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 61.92 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 68.50.
USD/RUB weekly forecast May 21 — 25, 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 21 — 25, 2018 suggests an attempt to test the support area near the level of 61.00, from which one should expect the attempt of the US Dollar growth to the area above the level of 68.50, in favor of the growth of the pair will test the lower border of the channel on the indicator of relative strength index (RSI), the cancellation of the growth rate of the US 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.
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