USDINR pair is range-bound since 1 year and before a major move price expected to touche the resistance around 71.800 mark
As the longer timeframe is in downtrend sell at higher price and book profit at low price.
On Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.
SEEMS USDINR Targetting 72.5 and more......... if Closes Below 71.2 Reverses Strict SL 70.30 Be Carefull Have a Watch on RSI also..
USDINR active till indian Budget july 2019
little bit push back like- 70.32 and 70.12
looking good for long , see triangal and buy..
USD/INR is now bearish, Support Zone is at 71.65_71.45 Selling Candidate on the Resistance to reach support 71.65_71.45
USDINR Possible ABCD pattern Looks to be following an ABCD Formation Love to hear your ideas? Always Trade SAFE!!!
USDUNR has been week due to global cues. All cross currencies are gaining opposite to USD which will help to strengthen the rupee in upcoming week. This week i will be bearish on USDINR for the TGT 66.5237 and 66.1413
usdinr uptrend is really a correction on weekly timeframe.
usdinr is in long term downtrend but will have short term pull back in downtrend