Currency pair USD/RUB is trading at 58.44. 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 Bollinger Bands indicator. A level test 58.10 is expected, where again we should expect an attempt to continue growth and further development of the upward trend for Dollar/Ruble pair near the level of 60.10.
USD/RUB weekly forecast on December 4 — 8, 2017
The conservative area for Dollar/Ruble pair buying is near the lower border of the Bollinger Bands indicator strip at the level of 57.60. 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 the pair quotes below the area of 57.20, 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.
