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 lateral trend. At the moment, we should expect a test of the breached support level and the continuation of the pair’s growth above the level of 61.
USD/RUB weekly forecast on November 6 — 10, 2017
In favor of the growth of the Dollar/Ruble pair is the formation of the «Head and Shoulders» reversal model on the indicator of relative strength index (RSI). The abolition of the variant of the Dollar/Ruble pair growth will be the fall and the breakdown of the area of 57, 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 a breakdown level of 60.
USD/RUB weekly forecast on November 6 — 10, 2017 suggests a test of the support level, from where we expect the dollar to rise above 61, in favor of the pair’s growth is the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI), the lifting of the US Dollar there will be a fall and breakdown of the region.
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