Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 59 rubles per US Dollar. The pair continues to move within the flat trend. At the moment, we should expect a test of the level of 59.50 and continuation of the fall of the pair below the level of 55.
USD/RUB weekly forecast on November 13 — 17, 2017
In favor of the fall of the Dollar/Ruble pair is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the variant of the fall of the Dollar/Ruble pair will result in a strong growth and breakdown of the region 61, which will indicate the continued growth of the US Dollar against the Russian Ruble. Expect to accelerate the fall of the pair is with a breakdown of the local minimum level and closing below 54.
USD/RUB weekly forecast on November 13 — 17, 2017 assumes a test of the level of 59.50, from where it is expected to drop the dollar to below the level of 55, in favor of the pair’s decline is the trend line test on the relative strength indicator (RSI), the cancellation of the depreciation of the Dollar on the current trading week will be strong growth and breakdown of the region 61.