Two week of the balance zone is disturbed and the balance zone is broken. USDINR unable to onboard new buyers in this zone. Triple top formed and trend reversal confirmed. In the short term it may test 81.60 to 81.80 levels to attract buyers. If it fails to attract, the next key level is 80.80.
Comment:
@81.91 Level
Trade closed: target reached:
From 14-Feb-2023 - 7 inside day and on 24-Feb-2023 buyers tried to move further in upward direction. But on 27-Feb-2023 USDINR pair opened higher and sudden sell of happens and it reaches 75% of 24-Feb-2023 body. On next day both the buyers and seller are in confused state so auction happens in 0.30 paisa range. On 1-Mar-2023 USDINR opens low with ref to previous day candle. And the trend change is confirmed here. On 2-Mar-2023 Buyers tried to arrest the sell of and failed before days closing. 3-Mar-2023 its bearish Marubozu. Finally reached our traget 81.60.
