Nihit-Saxena
Long

USDINR Monthly Cup & Handle

OANDA:USDINR   U.S. Dollar / Indian Rupee
Monthly running trend shows Cup w/ Handle formation in USDINR . Targets are 74.640 & 79.613.
Trade active: USDINR at 74.320 (high) already. Expecting further drawdown in Rupee value as RBI unexpectedly holds rate.
Trade closed: target reached: The target was met perfectly. USDINR made an all-time high of 74.528. Technical Analysis at its simplest.
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