Currency pair USD/RUB is trading at 65.33. Quotes of the pair are trading below the moving average with a period of 55, which indicates the presence of a bearish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars. A test of level 65.80 is expected, from which one can expect an attempt to continue to fall and further develop the downward trend with a target near the level of 63.80.
USD/RUB forecast Dollar Ruble on October 25, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator bars at 65.90. Cancellation of the option to continue the fall of the pair Dollar/Ruble will be a breakdown of the upper border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of the pair above 66.20, which will indicate a change in trend in favor of the bullish for USD/RUB. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
