Currency pair USD/RUB is trading at 67.17. 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 the level of 64.70 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 74.40.
USD/RUB weekly forecast on August 20 — 24, 2018
The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at 60.20. Cancellation option of continuing USD/RUB pair growth will be the breakout area of the lower Bollinger Bands indicator strips border, as well as the moving average to the level of 55, and the closing quotations of the pair below the 55.00 area, which will indicate the change of the trend in favor of a bearish for 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.
