Currency pair USD/RUB US Dollar to Russian Ruble is trading at the level of 57.24. 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 of the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 57.15 is expected, from which it is expected to rebound and continue the development of the bullish trend with a target at level 58.50.
Russian Ruble forecast USD/RUB on March 29, 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 weak signal was received for the sell of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 57.25.
The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 56.50, 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 58.15.