Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.56 Ruble for the US Dollar. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Russian Ruble. The pair USD/RUB pair is expected to rise to the level of 58.20, from which one should expect an attempt to fall and further develop the bearish trend with the target of reducing near the level of 55.80.
USD/RUB forecast Russian Ruble on October 2 — 6, 2017
An additional signal in favor of the fall of the Dollar will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was generated for the sell US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 59.80. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 59.20, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the USD/RUB price decline is worth a breakdown of the level of 57.10.
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