TrendTechnician

USDINR Analysis

Short
OANDA:USDINR   None
The price has broken down from a crucial level of support. Right now on the two-hour time frame, it seems to be respecting a diagonal level of support. A good entry point to go short might be to wait for it to break this level or for the price to retest the previous major level of support. There is also a strong zone around 72.5 which was acting as a previous resistance zone, so if entering short that could possibly be the first target.
Disclaimer

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.