Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.21 Ruble per US Dollar. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the US Dollar/Russian Ruble. The Ichimoku Kinko Cloud upper limit test is expected near the level of 57.40, from which it is expected to rebound and attempt a further fall with a target near the level of 55.50.
USD/RUB forecast Russian Ruble April 2 — 6, 2018
An additional signal in favor of the fall of the pair is the upper bound of the «Triangle» model. Earlier, a medium strength signal was received for buy of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 56.90.
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 quotes below the area of 58.20, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/RUB quotations falling with the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and the closing below the level 56.10.
