USDINR Historic Price Structure

Mar 14, 2021

In the latest structure it can be seen that there is a compression in the price range. The breakout in either direction may lead to a significant move. But the trading range between 70 and 72 may act as a support on the downside.

Apr 12, 2021

Note

Breakout on the upside but has to sustain above 74.65

Apr 27, 2021

Note

If 74.65 doesn't hold, price may test the support of 73.8

May 7, 2021

Note

If 73.8 holds on a closing basis, price may stay about it else could test the crucial 72.18 which would act as a support.