USD/RUB forecast Dollar Ruble on August 7, 2020

Currency pair USD/RUBis trading at 73.27. Quotes of the pair are trading above the moving average with a period of 55. This indicates the presence of a bullish trend for pair Ruble/Dollar. At the moment, the quotes of the pair are moving near the middle border of the Bollinger Bands indicator bars.

USD/RUBforecast Dollar Ruble on August 7, 2020

As part of the forecast of the Dollar/Ruble pair, a test level of 72.50 is expected. Where can we expect to try to continue the growth of the USD/RUB pair and the further development of the upward trend. The purpose of this movement is the area near the level of 75.00. The conservative buying area for the USD/RUB pair is located near the lower border of the Bollinger Bands indicator bars at 72.40.

USD/RUB forecast Dollar Ruble on August 7, 2020

Cancellation of the option to continue the growth of the Dollar/Ruble pair will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​71.20. This will indicate a change in the current trend in favor of the bearish for USD/RUB. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration of growth.

USD/RUB forecast Dollar Ruble on August 7, 2020 implies a test level of 72.50. Further growth is expected to continue to the area above the level of 75.00. The conservative area for buying is located area of ​​72.40. Cancellation of the growth option for the USD/RUB pair will be the breakdown of the level of 71.20. In this case, we should expect the fall to continue.


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