The currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.50. 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, quotes of the pair test the upper boundary of the bands of the indicator Bollinger Bands. It is worth to expect an attempt to increase near the level of 56.70, 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 55.40.
Bollinger Bands forecast USD/RUB on April 24, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 56.50. Canceling the continuation of the fall of the pair USD The Russian ruble will be a breakdown of the region of the upper border of the bands, as well as a moving average with a period of 55 and the closing of quotations of the pair above the area of 57.00, which will indicate a change in the trend in favor of the bullish in 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 55.40.
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