Currency pair USD/RUB is trading at 65.73. Quotes of the pair are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 65.30 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 66.90.
USD/RUB forecast Dollar Ruble on November 7, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 65.20. Cancellation of the option to continue the growth of the pair Dollar/Ruble will break the area of the lower border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and close the pair quotes below the area of 64.50, indicating a change in trend in favor of the bearish for Dollar/Ruble. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.