Darn!! Consolidation bull flag has broken to up.
After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
Comment:
It's look like uptrend is over after hitting 71.50 resistance. it broken crucial support of 71.15, 71.11
One thing to notice is that Crude Oil hovering near it's first pull back after a big rally but USDINR seem not caring that much. Caution should be noted if crude oil not levels up in accordance.