Currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.66. 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. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 56.70, from which one should expect an attempt to fall and develop a bearish tendency for a pair to decrease near the level of 55.60.
USD/RUB forecast Dollar Ruble for June 6, 2017
Previously, a strong signal was generated for the sale of the US Dollar/Russian Ruble, due to the crossing of signal lines at 56.57. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 57.30, 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 55.80.
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