Currency pair USD/RUB is trading at 68.08. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Dollar/Ruble. At the moment, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. A test of level 67.20 is expected, where again we should expect an attempt to continue growth and further development of the upward trend for the Dollar/Ruble pair near the level of 70.90.
USD/RUB forecast Dollar Ruble on September 6, 2018
The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at 67.10. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border area of the Bollinger Bands indicator bars, as well as a moving average with a level of 55 and the closing of the pair quotes below the area of 65.00, indicating a change in the bearish trend for the Dollar/Ruble. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.