Currency pair USD/RUB is trading at 63.23. 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 test the upper boundary of the bars of the indicator Bollinger Bands. A level test of 62.80 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 64.30.
USD/RUB forecast Dollar Ruble on July 20, 2018
The conservative area for Dollar/Ruble pair buying is near the lower border of the Bollinger Bands indicator strip at 62.30. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the middle range of the Bollinger Bands indicator bars, as well as a moving average with a level of 55 and the closing of quotations of the pair below the 62.30 area, which will indicate a change in the trend in favor of the bearish 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.
