USDINR: Can it break this Support !!

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
69 2 3
USDINR             has been taking its support at this 4 year trendline support (in green) !!
It is getting difficult for INR             to depreciate against dollar i.e. difficult to climb up !!

Are there signs of a major turn around -- where USDINR             breaks this support !!
If this happens that would make the Stock Markets to jump up and a correction in IT & Pharma             Companies !!

Till them it's Wait & Watch !!
Chinese Yuan depriciation gives another trigger for INR devaluation!
Indeed this is the big question that I started discussing in my previous post:

Global events and financial activities by India Inc are giving hint of depreciating USD against INR.
Market can see one or more bounce backs in USDINR before the downtrend begins.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out