The currency pair US Dollar to Russian Ruble USD/RUB is trading at the level of 57.06. The pair continues to trade above the moving average with a period of 55, which indicates the existence of a bullish trend for the US dollar, the Russian Ruble. At the moment, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. It is expected to test the average border of the indicator bars near the level of 56.70, where again we should expect an attempt to continue growth and further development of the upward trend in the pair US dollar Russian ruble with the first target near the level of 58.00.
Bollinger Bands USD/RUB Forecast on May 4, 2017
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at level 55.60. Canceling the option of continuing the growth of the pair US dollar The Russian ruble will be a breakout of the moving average with a period of 55, as well as the lower boundary of the indicator bands and the closing of the pair’s quotes below the area of 55.2, indicating a change in the bearish trend for USD/RUB. In the event of breakdown of the upper border of the indicator strip, it is expected to accelerate the growth of the pair in the area above the level of 58.00.
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