Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 56.37 Russian Ruble per 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. Ichimoku Kinko Cloud bottom test is expected near the level of 56.60, from which we should expect a rebound and an attempt to further fall with the target near the level of 54.30.
USD/RUB forecast Russian Ruble on February 26 — March 2, 2018
An additional signal in favor of the fall of the pair is the resistance level test. Earlier, we received a weak signal for buy of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 56.70. 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 57.70, indicating a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/RUB quotes falling with the breakdown of the support area and closing below the level of 55.15.
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