Wedge top - Al though a wedge top has formed on USDINR.
Reserve Bank of India may be a villian and stop Indian rupee from appreciating. i.e. stop USDINR falling too far.
Usdinr-rupee
Will USD - INR Regain 77 levels again??Will USD - INR Regain 77 levels again?
Time Fibonacci , Fibonacci Levels Used
USDINR breaking trendlineINR breaking previous trendline and EMA on daily charts.
Closing will be crucial.
Could the Handle be forming ?In this current crisis, Could a Cup and Handle Pattern be forming?
Will we see 1USD = Rs.78 - Rs.80 ??
USDINR - Weekly ViewTwo corrective patterns forming, Elliot ABC wave and Evening Star..
A weekly close below 67.94 would pull USDINR towards 67.50 and If Elliot wave comes into play rupee could possibly see 66.80 levels.
