FX_IDC:USDINR   U.S. Dollar / Indian Rupee
USDINR - 10Jan2022

On the daily/weekly, price was not able to get a proper bounce from the 74.26 important support. As a result, we could anticipate price to go much lower.

On the H4 timeframe, price opened lower below the 74.26 area. If the price close below 74.26, we could expect the price to drop lower to 1st Support at 74.00.

This is for personal record purposes only, not financial advise or solicitation of trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.