Currency pair USD/RUB is trading at 65.51. Quotations of the pair are traded below the moving average with a period of 55, which indicates the presence of a bearish 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 of 62.70 is expected, from which it is expected to try to continue the fall and further develop a downward trend with a target near the level of 61.60.
USD/RUB forecast Dollar Ruble on July 25, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 63.70. The abolition of the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair’s quotes above the 64.00 area, which will indicate a change in the bullish trend for the Dollar Ruble. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
