Currency pair Dollar Ruble USD RUB finished the trading week at the level of 57.08 rubles per US dollar. The pair continues to trade in a downward trend. Quotations of the Dollar Ruble pair failed to break the downward trend line, which indicates the strength of this trend, talk about the pair’s reversal is only with the breakdown of this line.
USD/RUB Forecast on March 27, 2017 — March 31, 2017
At the current time, there are risks to see the continuation of the decline in the area below the level of 55 rubles per dollar, where a test of the support line on the indicator of relative strength will take place, where we should already expect a new attempt at a rebound and the growth of the Dollar Ruble pair.
The cancellation of the variant of growth will be the breakdown of this trend line, which will indicate the acceleration of the USD/RUB price drop. The first target of growth is the region at the level of 60 rubles per US dollar, the breakdown of which will indicate the continued growth of the area above the level of 65 rubles per US dollar.
USD/RUB Forecast on March 27, 2017 — March 31, 2017 assumes an attempt of testing the support area in the form of an upward trend line on the indicator of relative strength and the beginning of growth in the area above the level of 60 rubles per US dollar.
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