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padiyara

USD triple top can correct to Rs;60 level

Short
padiyara Updated   
OANDA:USDINR   None
3
0
USD seems to be in (iv) correction now, the 3rd seems to be concluded at Rs: 68.9
With a gain of 24.9 points. A 38.2 % correction will bring down Dollar to near Rs:60.
A triple top with the indicators showing bearish divergence supporting the view.
Comment:
very slow move, please note that this is a weekly chart and the top didn't break.
we are going to see a 4th wave correction now.expected level is 60.
Comment:
USD is in wave iv correction
The Trend line support is further down
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