Currency pair USD/RUB US Dollar to Russian Ruble is trading at 63.05. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Russian Ruble. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 61.25, from which it is expected to rebound and continue the development of the bullish trend with a target at 66.35.
Russian Ruble forecast USD/RUB April 11, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 57.35.
The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 56.95, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the pair USD/RUB is with the breakdown of the resistance area and the closing above the level of 64.20.