Currency pair USD/RUB is trading at 66.73. Quotes of the pair are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 65.60 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 69.50.
USD/RUB weekly forecast on November 12 — 16, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 64.70. Cancellation of the option to continue the growth of the pair Dollar/Ruble will break the area of the lower border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and close the pair quotes below the area of 64.00, indicating a change in trend in favor of the bearish for Dollar/Ruble. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.
