Currency pair USD/RUB is trading at 66.54. 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. The expected test level is 65.80, from which one can again expect an attempt to continue the growth and further development of the upward trend in the Dollar/Ruble pair near the level of 68.50.
USD/RUB forecast Dollar Ruble on October 9, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 113.30. 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 64.00, indicating a change in trend in favor of the bearish Dollar/Ruble. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.
