The currency pair USD/RUB US Dollar to Russian Ruble closed the trading week at 56.96 rubles to the US dollar. The pair was able to break the upper limit of the Forex model of the Wedge, it is worth to expect an attempt to continue growth in the area above the level of 60 rubles per US dollar as part of the model’s development.
USD/RUB Forecast US Dollar to Ruble May 1 — 5, 2017
In favor of the growth of the Dollar Ruble pair is the breakdown of the downward trend line on the indicator of relative strength. The cancellation of the variant of the dollar’s growth will be the fall and breakdown of the area 55 rupees per US dollar, which will indicate the continuation of the pair’s decline.
USD/RUB Forecast US Dollar to Ruble May 1 — 5, 2017 suggests an attempt to continue growth with a target above the level of 60 rubles per US dollar as part of the development of the forex model of the Wedge, the cancellation and breakdown of the region will be 55 rubles per US dollar.
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