The currency pair US Dollar to Russian Ruble USD/RUB is trading at the level of 56.90. The pair broke through the moving average with a period of 55 and began to trade below its level, indicating a bearish trend in the US dollar against the Russian Ruble. At the moment, the pair’s quotes are moving near the moving average with a period of 55. We should expect an attempt to slightly increase near the level of 57.20, where again we should expect an attempt to continue falling with the first target near the level of 55.70.
Bollinger Bands USD/RUB forecast April 12, 2017
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at the level of 57.40. 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 quotations above the area of 57.80, which will indicate 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, it is expected to accelerate the fall of the pair into the area below the level of 55.70.
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