Currency pair USD/RUB is trading at 61.93. 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, quotes of the pair move near the middle border of the bands of the indicator Bollinger Bands. A test of the level of 61.00 is expected, where again one should expect an attempt to continue growth and further development of the upward trend for the Dollar/Ruble pair near the level of 64.40.
USD/RUB weekly forecast on June 4 — 8, 2018
The conservative area for buying of the Dollar/Ruble pair is located near the lower border of the Bollinger Bands indicator strip at 60.80. Canceling the option of continuing the growth of the pair USD/RUB will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with the level of 55 and the closing of the pair quotes below the area of 59.20, which will indicate 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.
