USDINR - 18Feb2022
On the H4, price had a minor bounce back to 1st Resistance at 75.23 from the ascending trendline. As long as price is above the long-term ascending trendline, we could expect price to bounce back higher.
If price close below the ascending trendline, price may want to retest the 200MA at 74.60 area before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price had a minor bounce back to 1st Resistance at 75.23 from the ascending trendline. As long as price is above the long-term ascending trendline, we could expect price to bounce back higher.
If price close below the ascending trendline, price may want to retest the 200MA at 74.60 area before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.