Usdinr moves as predicted from pre-election period.
Keep focusing on further target our SL range of 70.60 as the highest support levels and and 68.48 is our next resistance levels following the 68 levels.
#USDINR bullish short term target 69.80.
Fundamentals. #wtiCrudeoil will back up this week from 54 to 56, cues RBI has puts out revised circular on stressed assets, and rate cut policy still in effect.
From what I see, USDINR has finished a Triple wave WXYXZ pattern. Its now moved to the lows. I guess we will see a brief consolidation and post that, the pair might breakout and continue to go to the downside and retest its previous lows and possibly make a new lower low on the 240 time frame.