sanchit005
Short

USDINR down trend starts or Election Impact?

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Usdinr has started it's move?
With closing at the top on Wednesday and then making lows on Friday. Furthermore, giving signals in forex with an opening at 69.39 levels shows a higher volatility in the market.
On technical front, USDINR has its Resistance at 70.30, and 70.60 levels. Any crossing above that would lead to depreciation in rupee to the levels of 71 and above that.
Besides, on appreciation side, usdinr supports at 69.80, 69.45, 69.00, 68.48, 67.80 and 67.19 levels.. Breaking of these supports will lead to further appreciation in rupee.
Can it be Indian election exit polls impact or us-china trade war impact or the starting period of eurozone election period impact .

Be cautious with the trade.. News and views will be having its higher impact .
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