Currency pair USD/RUB is trading at 65.24. Quotes of the pair are trading below the moving average with a period of 55, indicating a bearish trend for the Dollar/Ruble. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 65.80 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 63.20.
USD/RUB forecast Dollar Ruble on October 1, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 66.40. Canceling the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper boundary of the Bollinger Bands indicator strip, as well as a moving average with a period of 55, and the closing of the pair quotations above the 67.50 area, indicating 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.