MACRO VIEW: USDRUB UPDATE: BREAKOUT FROM THE RANGE

After the WTI Oil has confirmed its breakdown from its relevant range, USDRUB reacted accordingly - by breaking out from its range it has been in since September.

Price is now above both 1-year and 1-quater distribution, trading above upper 1st standard deviations from 1-year and 1-quarter mean - signaling more upside probability.