The currency pair US Dollar to Russian ruble USD/RUB completes trading week at the level of 57.04. The pair continues to move below the level of 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 average border of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to grow and test the moving average with a period of 55 near the level of 58.00, where again we should expect an attempt to continue falling with the first goal near the level of 55.10.
Bollinger Bands USD/RUB prediction on April 10 — 14, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bands at 59.00. Canceling the continuation of the fall of the pair The US dollar will become 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 60.10, 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 bands, it is expected to accelerate the fall of the pair into the area below the level of 55.10.
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