Currency pair USD/RUB is trading at 65.67. Quotations of the pair are traded 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 quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. A level test 66.70 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with a target near the level of 63.40.
USD/RUB forecast Dollar Ruble on September 25, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 68.40. 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.