Limited Downside Left - Before A Reversal...
It is highly likely that oil is on a fake/temporal up-rally (which could be going to end anytime soon in the near future)... Then oil will start to resume it's downwards trend into newer lows...
The USD is also very likely set to gain some additional strengths in the upcoming future...
These factors will put an end to the recent down-trending for this pair, & bring it to a reversal (which could be strong)...
As of now; oil is still trying to complete it's up-rally (it may still have some limited upsides to go - Oil has not starting to go down yet as of now)...
The strength of the RUB is highly influenced by the price of oil...
The USD is also very likely set to gain some additional strengths in the upcoming future...
These factors will put an end to the recent down-trending for this pair, & bring it to a reversal (which could be strong)...
As of now; oil is still trying to complete it's up-rally (it may still have some limited upsides to go - Oil has not starting to go down yet as of now)...
The strength of the RUB is highly influenced by the price of oil...
