Currency pair USD/RUB is trading at 67.85. Quotes of the pair are traded below the moving average with a period of 55, indicating a bearish trend for the pair Dollar/Ruble. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 68.70 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 65.50.
USD/RUB forecast Dollar Ruble on September 17, 2018
The conservative sales area is near the upper boundary of the Bollinger Bands indicator strip at 70.70. Canceling the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above 71.50, indicating 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.