Currency pair US Dollar to Russian Ruble USD/RUB completes trading week at 59.13. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair US Dollar/Russian Ruble. It is expected to test the area of signal lines near the level of 58.50, from which one should expect an attempt to grow and develop the bullish trend for the pair USD/RUB with a target to growth near the level of 62.00.
USD/RUB weekly forecast on July 3 — 7, 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 57.10. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 56.20, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/RUB stands with the breakdown of the local maximum area at 61.30.
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