Currency pair USD/RUB is trading at 65.35. 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 the level of 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 63.50.
USD/RUB forecast Dollar Ruble on October 4, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 65.80. 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 quotations above the 67.00 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.