Currency pair US Dollar to Russian Ruble USD/RUB completes trading week at 56.72. The pair broke through the moving average with a period of 55 and began to trade below its level, which indicates a bearish trend in the US Dollar to Russian Ruble. At the moment, quotes of the pair test the average border of the Bollinger Bands indicator. The pair is expected to rise near the level 57.30, where again we should expect an attempt to continue the fall and develop the bearish trend with the first target near the level of 53.80.
USD/RUB forecast Russian Ruble on May 22 — 26, 2017
The conservative sales area is near the upper boundary of the Bollinger Bands indicator at 58.20. Canceling the continuation of the fall of the pair US Dollar to Russian Ruble USD/RUB will break through the moving average region with a period of 55, as well as the upper boundary of the Bollinger Bands indicator and close the pair’s quotes above the area 59.70, indicating a trend reversal in favor of bullish trend in 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 level below the 53.80.
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