NeeteshJain

USDINR - Moving up with caution sign

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
It has reached to the previous resistance level of 66.8715-67.0312,

Scenario 1 (dotted red line): if we see a break out from the current resistance then rupee can further depreciate to 68.8579 - 69.1713.

Scenario 2 (solid red line): we price action does not break the current resistance at 66.8715-67.0312, then a retracement to 66.0000 can be seen before moving up.
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.