FX_IDC:USDINR   U.S. Dollar / Indian Rupee
ISD / INR is important in many ways to understand Nifty movement. ( Nifty has negative co-relation with USD/ INR )

Current consolidation is showing 72.3 as good support.

While Lower High formation is still intact so weakness is still existing. First Higher Low at 74.9 can indicate fading of weakness but let us wait to see if it is taken out or not. 200MA is horizontal means we are in sideward phase.

Above Blue trendline will indicate strength else it will continue to be sideways. (currently it is 74.75)

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