Killy_Mel
Short

MACRO VIEW: USDRUB CAN REVERT ON CENTRAL BANK SUPPORT

FX_IDC:USDRUB   US DOLLAR / RUSSIAN RUBLE
USDRUB             was trending upwards in correlation with WTI Oil             descend since beginning of July

Currently Oil             fell to its 2015 lows (slightly below them now) while USDRUB             was holding 65 level with apparent Central Bank of Russia support.

CBR             is selling USD against RUB in attempts to stabilize the national currency.

If the Oil             trend down stops at this level, USDRUB             is likely to bounce back to 1st st             deviation from quarterly (66-day) mean, and then to the mean itself, ceasing its uptrend.
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