The currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.04. The pair is trading below the moving average with a period of 55, indicating a bearish trend in the US dollar against the Russian Ruble. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. It is worth waiting for an attempt to grow near the level of 56.50, where again we should expect an attempt to continue falling with the first goal near the level of 55.00.
Bollinger Bands forecast USD/RUB on April 19, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 57.50. Canceling the continuation of the fall of the pair US dollar to Ruble will become a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the area of 58.00, indicating a change in the trend in favor of the bullish on USD/RUB. In the event of a breakdown of the lower boundary of the indicator bars, we expect to accelerate the fall of the pair into the area below the level of 55.00.
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