Currency pair USD/RUB closes the trading week near the level of 60 rubles per US dollar. At the moment, the pair continues to trade within the framework of the «Triangle» model formation. It is worth expecting the test of the lower boundary of the model at level 59 and the continuation of growth above the level of 63 rubles per US dollar.
USD/RUB weekly forecast on August 7 — 11, 2017
In favor of growth, a test of the support line on the indicator of relative strength index (RSI) will perform. The cancellation of the variant of the Dollar/Ruble pair growth will be the fall and breakdown of the area of 58, which will indicate the continued decline of the pair.
USD/RUB weekly forecast on August 7 — 11, 2017 assumes an attempt to test the lower limit of the «Triangle» model and the continuation of growth above the level of 63, the cancellation will be a breakdown of level 58, in which case one should expect a tight test of the area of 55 rubles per US dollar.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
