Currency pair USD/RUB is trading at 67.24. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Dollar/Ruble. At the moment, quotes of the pair move near the middle border of the bands of the indicator Bollinger Bands. A level test 66.10 is expected, where again one should expect an attempt to continue growth and further development of the upward trend for the Dollar/Ruble pair near the level of 70.50.
USD/RUB forecast Dollar Ruble on August 22, 2018
The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at 66.00. The cancellation of the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border of the Bollinger Bands indicator strips, as well as a moving average with a level of 55 and the closing of the pair quotes below the 64.00 area, indicating a change in the bearish trend for the Dollar/Ruble. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
