The currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.26. The pair continues to trade below the moving average with a period of 55, indicating a bearish trend for the US dollar, the Russian Ruble. At the moment, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. We should expect an attempt to increase near the level of 56.60, where again we should expect an attempt to continue the fall and further development of the downward trend in the pair US dollar Russian ruble with the first target near the level of 55.20.
Bollinger Bands forecast USD/RUB on April 21, 2017
The conservative sales area is near the upper boundary of the Bollinger Bands indicator bands at 57.00. Canceling the continuation of the fall of the pair US Dollar to Russian ruble will break through the moving average area with a period of 55, as well as the upper border of the indicator bars and close the pair’s quotes above the area of 57.70, indicating a change in the bullish trend for USD/RUB. In the event of a breakdown of the lower boundary of the indicator bands, it is expected to accelerate the fall of the pair into the area below the level of 55.20.
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