Currency pair USD/RUB is trading at 63.23. 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 level test of 62.60 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 66.30.
USD/RUB weekly forecast on July 23 — 27, 2018
The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at 61.60. 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 strip, as well as a moving average with a level of 55 and the closing of quotations of the pair below the area of 60.20, which indicates a change in the trend in favor of the 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.
