Maxmillian

Is the INR ready for a SHORT?

FX_IDC:USDINR   US DOLLAR / INDIAN RUPEE
Bonjour,

Someone is really trying to protect the 67 handle. My guess it's someone with deep interest that the exchange rate for this pair doesn't pierce above that level ... maybe then they'll lose a lot of money.

This pair has been in this ascending channel for quite some time ... are we going to see profit taking and a break of that channel or will it provide support?

À bientôt,
Maxmillian DuPont
(www.myfxlifestyle.com)
i think 67 will be tested and if economic data remain negative in this period then its will be breakout upside again. with target of 68.80
Reply
Hi,
Looks like 67 #USDINR level will be tested one more time!
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