Currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.20. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a downward trend in the pair US Dollar to Russian Ruble. It is expected to test the area of signal lines near the level of 56.60, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near level 55.20.
USD/RUB forecast Russian Ruble on May 25, 2017
Previously, a strong signal was generated for the sale of the US Dollar to Russian Ruble, due to the crossing of the signal lines at the level of 57.10. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 57.70, which indicates a change in the downward trend in favor of the upward. Expect the acceleration of USD/RUB quotations falling with the breakdown of the local minimum area at the level of 55.70.