Currency pair USD/RUB US Dollar to Russian Ruble is trading at the level of 57.42. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Russian Ruble. The test area of the Ichimoku Kinko Hyo signal lines near the level of 57.10 is expected, from which it is expected to rebound and continue the development of the upward trend with a target at level 58.45.
Russian Ruble forecast USD/RUB on March 22, 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, 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 growth of the pair’s quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the level of 56.25, 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 stands with the breakdown of the resistance area and the closing above the level of 58.20.
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