Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 58.07 rubles per US dollar. The pair continues to move within the flat trend. It is worth waiting for an attempt to test the level of 57.50 rubles per US dollar and the continued growth of the pair above the level of 60.
USD/RUB forecast on October 30 — November 3, 2017
In favor of the growth of the Dollar/Ruble pair is the formation of the «Head and Shoulders» reversal pattern on the indicator of relative strength index (RSI). The cancellation of the variant of the Dollar/Ruble pair growth will be the fall and the breakdown of the region of 55.50, which will indicate the continuation of the depreciation of the US Dollar against the Russian Ruble. Expect to accelerate the growth of the pair is with the breakdown of the level of the trend line and closing above the level of 59.
USD/RUB forecast on October 30 — November 3, 2017 suggests a test of the level of 56.50, from where it is expected to grow the Dollar in the area above the level of 60, in favor of the pair’s growth is the reversal model the «Head and Shoulders» on the indicator of relative strength index.