on a bullish impulsive wave we can see there exist a Hidden Bullish Divergence with MACD which is the sign of trend Continuation, followed by a Milled Bullish Divergence
there total of 2 Targets Defined by Fibonacci projection,
79.50 Rs seem to be a good target for the end of 2021
By observing clear patterns of significant increases compared to the corrections its clear that dollar rate may get stabilize in the near future but it would be difficult for dollar rupee pair to go below 200 anytime soon.
PS: its monthly chart which indicates long term behavior.
A requested currency pair - Technical and Fundamental view of USD/INR!
Fundamentals: The countries of BRICS are facing a very difficult time especially India due to covid levels - fundamental aspects of there currency: They had kept rates unchanged, I expect that to continue for while. As The dollar decreases, I expect it to follow the trend it is going in...
