Expect to drop in few sessions -Ruppee could strenghten
116
From the low of 73.691 USDINR rallied to 77.160 in complet five wave sequnence, from the high 0f 77.160 is evident that USDINR is correcting wave. assuming at early wave formation the wave as ZIGZAG primary A-wave is completed and B-wave is in progress, the B-wave Fibonassi retracement targets @61.6 is 76.728 and @78.6 is 76.917. once the primary B-wave is completed one can expect price drop to levels of 75.400 wich is end of preceeded primary wave-4 of save degree.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.