rjoshicool

USDINR stuck in range and waiting for a breakout

rjoshicool Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
USDINR is stuck in a range for last few weeks. Both price and RSI are oscillating in a narrow range. This price action would lead to sharp one-sided move on a successful breakout.
On downside, the target is around 81.90 and on the upside the target is around 83.30
Trade closed: target reached:
Target of 81.90 achieved on the downside, after the price and RSI broke the consolidation region.

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