NeeteshJain

Rising Wedge breakout awaits

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
In this I'm looking for a break in a rising wedge as the wave 5 of a upend could end and Indian rupee would start appreciating.
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Hi Neetesh,
I think the the wake and range bound movement may continue for some more time before INR starts appreciating.
Here is my view in USDINR:
Range bound Long till March 2016
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That looks even better. I believe 66.125 is a good area to short USDINR.
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