Raja_Chart_Advise

Interesting setup on USDINR charts

Short
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Interesting setup on USDINR charts as the sharp rally seen over the last few days has triggered widespread panic and chaos. Now, the pair has reached important cluster resistance on Daily charts and will attempt to surpass it. Its a very important resistance zone as its created with reference to its all time high of 77.02. A closing above 75.80 will definitely not be a good news. Big Boss RBI will definitely be watching these levels, so we should also track this alongwith the other setups.

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.