The currency pair US Dollar to Russian Ruble USD/RUB finished the trading week at the level of 56.40 rubles to the US dollar. The pair continues to trade in the forex model of Wedge, the breakdown of which will point to the completion of the decline and the beginning of the growth of the Dollar Ruble quotations to the area above the level of 60 rubles per US dollar.
USD/RUB Forecast Dollar Ruble on April 24 — 28, 2017
In favor of the growth of the pair will breakdown the downward trend line on the indicator of relative strength. In connection with a strong fall in oil prices in the current trading week, it is likely that the pair will be able to show the breakdown of the upper boundary of the Wedge model. Canceling the option of USD/RUB quotes reversal will be the fall and breakdown of the region of 55 rubles per US dollar, in this case it is necessary to expect the pair to continue falling into the area below the level of 50 rubles per dollar.
USD/RUB Forecast Dollar Ruble on April 24 — 28, 2017 suggests an attempt to break the upper limit of the Wedge model and start the pair’s growth to an area above the level of 60 rubles per US dollar, in favor of growth, a downward resistance breakdown on the relative strength indicator will perform.
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