USDINR - 22Nov2021
On the weekly timeframe, price found support near 74.00 and bounced but it is still below 2 MAs.
On the H4 timeframe, prices bounced back to the descending trendline. If price can close above the descending trendline, we could expect it to swing towards 1st Resistance at 75.555 easily.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly timeframe, price found support near 74.00 and bounced but it is still below 2 MAs.
On the H4 timeframe, prices bounced back to the descending trendline. If price can close above the descending trendline, we could expect it to swing towards 1st Resistance at 75.555 easily.
This is for personal record purposes only, not financial advise or solicitation of trade.