Currency pair USD/RUB US Dollar to Russian Ruble is trading at 56.78. 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 Hyo Cloud is expected to test near the level of 56.80, from which it is expected to rebound and continue the development of a bearish trend with a target at 55.55.
Russian Ruble forecast USD/RUB on March 12, 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 56.25.
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 57.35, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall of the pair USD/RUB is with the breakdown of the support level and closing below 55.25.
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