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The previous high, The consolidation is possible as the Dollar is at all-time high and RBI might intervene. It seems that the pair is going to take a historic leap My wave analysis suggest a sell coming soon. Happy Trading. The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. The move from 72 levels seems done and a reversal is on the Clear breakout for upside. Put sellers sell Gapdown open can trap put to go down other wise its a uptrend.
Its seems like usdinr took support from previous inclined support so its bullish now we can take a trade with fixedstop loss below the trending support. Breaking downside will be the end of this really if it comes below Looks INR getting strong in coming days. So , who went long please keep strict SL and Plan for short in coming days.
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View live U.S. Dollar / Indian Rupee chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Get instant access to a free live streaming USD INR chart. This unique US Dollar Indian Rupee chart enables you to clearly notice the Real-time FX. USD to INR currency chart. XE's free live currency conversion chart for US Dollar to Indian Rupee allows you to pair exchange rate history for up to 10 years.