Currency pair USD/RUB is trading at 58.72. 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 test the upper boundary of the bars of the indicator Bollinger Bands. A test of the level of 58.50 is expected, where again one should expect an attempt to continue growth and further development of the upward trend for Dollar/Ruble pair near the level of 59.50.
USD/RUB forecast Dollar Ruble on December 4, 2017
The conservative area for Dollar/Ruble pair buying is near the lower border of the Bollinger Bands indicator strip at the level of 58.90. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border of the bands of the indicator Bollinger Bands, as well as a moving average with a level of 55 and the closing of quotations of the pair below the area of 57.60, indicating 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.
