Currency pair USD/RUB is trading at 76.62. 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 bands.
USD/RUB forecast Dollar Ruble on January 20, 2022
As part of the forecast for the USD/RUB pair, a test of the level of 76.30 is expected. Where should we expect an attempt to continue the growth of the USD/RUB pair and further development of the upward trend. The target of this movement is the area near the level of 77.90. The conservative area for buying the USD/RUB pair is located near the lower border of the Bollinger Bands indicator bands at the level of 75.80.
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 bands. As well as a moving average with a period of 55 and the closing of the pair’s quotes below the area of 73.80. This will indicate a change in the current trend in favor of the bearish trend for USD/RUB. In the event 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 January 20, 2022 implies a test level of 76.30. Further growth is expected to continue to the area above the level of 77.90. The conservative area for buying is located area of 75.80. Cancellation of the growth option for the USD/RUB pair will be a breakdown of the level of 73.80. In this case, we should expect the continuation of the fall.
