Currency pair USD/RUB US Dollar to Russian Ruble is trading at the level of 57.55. 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 test area of the Ichimoku Kinko Hyo signal lines near the level of 57.75 is expected, from which it is expected to rebound and continue the development of the fall with a target at level 56.60.
Russian Ruble forecast USD/RUB on January 1, 2018
An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for the sell of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 59.05. 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 level of 58.45, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall of the pair is with the breakdown of the level of 57.30.
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