Killy_Mel

MACRO VIEW: USDRUB UPDATE: THE RANGE NARROWS

FX_IDC:USDRUB   U.S. DOLLAR / RUSSIAN RUBLE
USDRUB             continues to trade within borders we defined in our last update, however the range has narrowed. (see related idea)

As volatility compresses, and the price is trading between upper 1st standard deviation from 1-year mean and lower 1st standard deviation from quarterly mean, there current range now is 62-66.5

USDRUB             is very correlated to WTI Oil             , which is also now range-bound, so it is very likely that the Ruble             will break away from its range when WTI Oil             makes the first move
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