Currency pair USD/RUB is trading at 62.62. 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 level 61.80 is expected, where again one should expect an attempt to continue growth and further development of the upward trend in the Dollar Ruble pair near the level of 65.10.
USD/RUB forecast Dollar Ruble on May 8, 2018
The conservative area for Dollar/Ruble pair buying is near the lower border of the Bollinger Bands indicator strip at 61.70. Canceling the option of continuing the growth of the pair USD/RUB will be a breakdown of the lower border of the Bollinger Bands indicator bands, as well as a moving average with a level of 55 and the closing of quotes of the pair below the 60.30 area, 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.
