Currency pair US Dollar to Russian Ruble USD/RUB completed the trading month at the level of 60.55. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair US Dollar/Russian Ruble. Ichimoku Kinko Hyo Cloud is expected to test near the level of 61.10, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a target to lower near the level of 55.60.
Dollar Ruble forecast USD/RUB for August 2017
Earlier, a weak signal was generated for buying of the US Dollar/Russian Ruble, due to the crossing of the signal lines at the level of 58.26. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 64.00, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/RUB quotations falling with the breakdown of the local minimum area at the level of 56.90.