Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.52 Rubles per US Dollar. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dolla/Russian Ruble. Ichimoku Kinko signal line area test is near the level of 58.10, from which it is expected to rebound and attempt a further fall with the target near level 56.20.
USD/RUB forecast Russian Ruble on January 1 — 5, 2018
An additional signal in favor of the fall of the pair is the resistance level test. Earlier, a weak signal was generated for the sale of the US Dollar/Russian Ruble, due to the crossing of signal lines at the level of 58.90. 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 quotations above the area of 58.90, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/RUB quotes falling with the level breakdown at 57.00.
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