The American Dollar continues to trade against the Russian Ruble in the downtrend. The present pattern formed in the beginning of this year after the exchange rate broke the bottom trend line of the preceding descending channel. Until this point, there were no cases, when the pair failed to reach the opposite boundary of the channel after making a successful rebound. For this reason, the rate most probably will continue its downward direction during this trading week, aiming to reach the support cluster formed by the monthly and weekly S1 at 56.0072 and 55.9394. On the other hand, the pair might take another direction and end the week between the weekly R2 and R1 at 57.5496 and 57.0366 if the release of US fundamentals turns to be positive.
| Level | Rationale | Indicator | 1D | 1W | 1M | |||
| R4 | 57.5495 | Weekly R2 | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 57.1842 | 20-day SMA | RSI (14) | Sell | Sell | Buy | ||
| R2 | 57.0366 | Weekly R1 | Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | ||
| R1 | 57.9838 | 55-day SMA | ADX (14) | Sell | Sell | Neutral | ||
| S1 | 56.5201 | Weekly PP | CCI (14) | Neutral | Sell | Neutral | ||
| S2 | 56.0072 | Weekly S1 | AROON (14) | Neutral | Neutral | Neutral | ||
| S3 | 55.9394 | Monthly S1 | Alligator (13; 8; 5) | Buy | Buy | Buy | ||
| S4 | 55.8557 | Bottom Bollinger Band | SAR (0.02; 0.2) | Sell | Sell | Neutral | ||
| Aggregate | ↘ | ↘ | → |