ridethepig

Key reversal for USDINR in play here

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
=> Studies are starting to show we are extremely overbought here in USDINR and a mean reversion play looks imminent...
=> The daily close below 71.38 will confirm this and unlock both the 70.395 and 69.530 before there is anything else to the buy side.
=> Similarly to the USD/RUB and USD/TRY we are starting to see temporary short-term highs across most of the EM spectrum.
=> Good luck
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