Currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.42. 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 to Russian Ruble. Ichimoku Kinko Hyo Cloud near the level of 56.80 is expected to test the lower boundary of the Cloud, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 55.40.
USD/RUB forecast Russian Ruble on June 2, 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 the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 57.50, 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 55.70.
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