Currency pair USD/RUB is trading at 58.07. Quotations of the pair are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for 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 58.30 is expected, from which it is expected to try to continue the fall and further develop the downward trend with the target near the level of 57.30.
USD/RUB forecast Dollar Ruble on November 30, 2017
The conservative sales area is near the upper boundary of the Bollinger Bands indicator bands at 58.95. Canceling the option of continuing the fall of the Dollar/Ruble pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 59.20, indicating a change in the bullish trend for the Dollar/Ruble. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.