Currency pair US Dollar to Russian Ruble USD/RUB completes trading week at the level of 57.08. The pair broke through the moving average with a period of 55 and began to trade below its level, which indicates a downward trend in the US Dollar against the Russian Ruble. At the moment, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. The pair is expected to rise near the level of 57.60, where again we should expect an attempt to continue the fall and develop the bearish trend with the first target near the level of 55.20.
USD/RUB forecast for the week May 15 — 19, 2017
The conservative USD/RUB sale area is located near the upper boundary of the Bollinger Bands indicator at 58.00. Canceling the continuation of the fall of the pair US Dollar to Russian Ruble will break through the moving average with a period of 55, as well as the upper boundary of the Bollinger Bands indicator bars and close the pair’s quotes above the area of 59.10, indicating a trend reversal in favor of bullish trend USD/RUB. In the event of a breakdown of the lower boundary of the indicator bands, it is expected to accelerate the fall of the pair into the area below the level of 55.20.