The Currency Pair US Dollar Russian Ruble USD/RUB is trading at 56.94. The pair continues to move 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 lower boundary of the bands of the Bollinger Bands indicator. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 57.50, where again we should expect an attempt to continue falling with the first target near the level of 56.00.
Bollinger Bands forecast USD/RUB on March 28, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 58.00. Canceling the continuation of the fall of the pair The US dollar will be 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 58.20, indicating 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 strip, it is expected to accelerate the fall of the pair into the area below the level of 56.00.
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