USDINR Good Pattern FX_IDC:USDINR Watch Guys Good Pattern For Big Move Upside or Downside by Maker-X19060
USDINR Consolidating_Above 83_Dollar in UptrendTechnical Analysis: Indian Rupee continues its rangebound movement between 82.60 and 83.15 in the longer term Indian Rupee trades strongly on the day. USD/INR remains stuck within a multi-month-old ascending trend channel around 82.60–83.15. Now trading above Ascending channel. by Pranay_Kamdi12
USDINR is Bullish - will it help IT - Infy & TCS ?RBI has restricted retail people from trading in usdinr. for long time RBI has restricted usdinr in the range of 82,75 to 83.30 for more than a year Now this level is broken and usdinr is seen trading above 83.30 easily for long duration in spot. This is positive for IT companies like Infy and TCS. May be because of this Infy seen taking good support for several days now. Need to see will IT companies support Nifty now.Longby venkatfx9
NIFTY : FALL (CONDITIONAL)This is my prediction and not that I am expecting it to happen (and definitely not wishing at all). This is a post election scenario where BJP is not able to prove its majority (either by itself or thru coalition). Or there is a hung parliament. Nifty could easily fall to 17840 - 18800 levels in matter few trading sessions. And depending upon what happens after that there could be a recovery or if things remain uncertain, Nifty could fall further. The carnage in BNF and Mid/Small stocks could be even more painful. This should be taken as a prediction and there is a very small chance it could happen. But still there is a chance. 2004 memory is still fresh in my mind. But if BJP comes to power on its own, even 300+ (BJP only), NIFTY can easily break 23500 in 1st week of June. VIX is expected to remain at elevated levels. Swings on both sides will be wild and brutal. Thursday was just a trailer (picture abhi baki hai mere dost!) Trade carefully. LAST BUT NOT THE LEAST If Nifty comes to 18800, place bullish bet (Mutual Funds, Equity or ETF) on Indian equity markets. Because there will be recovery, just like 2004.Shortby SABSEBADASETAN4
Pattern based Forecast I have made observation based on pattern trading , as per my view we are heading towards 85, which is point of conflict in case breech and move ahead Our INR is making the same Journey How once Japanese Yen did in early 2000 to 2010 So Expect Market remain volatile Good luck by ShreeKrishna10
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is consolidating between 83.35 & 83.62 for the third consecutive week. It is observed that the currency pair is drifting back in to the top of the rectangle. The indications are that the pair may break the barrier at 83.65 and move higher towards 83.80. Any daily close beyond 83.80 is a clear indication of the Alligator formation opening its mouth in which case we may see 84.20 sooner. The market will try to position itself for covering the Imports on any dip. We are back in the same old range of 83.30-83.62. A few observations a. Expect the range of 83.30 would hold for the week and there could be attempt to break higher both on account of global cues and technical outlook. b. There is divergence seen in the charts c. The currency pair seems to have its own agenda and reflect the sentiments similar to CNY currency. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects • Next couple of weeks is crucial. The final hope remains at 83.80. If this level breaches on a closing basis, then the Alligator pattern will kick-in and it would be a confirmed move towards 85.70 in the near future. Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only. by SYFXTF6
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is consolidating between 83.25 & 83.55 for the second consecutive week. It is observed that the currency pair is drifting back in to the rectangle. The indications are that the pair may re-attempt 83.10 and possibly 82.95 once before attempting higher levels. The market will try to position itself for covering the Imports on any dip. Markets were expecting huge flows to happen towards the annual closing and it went the other way. We are back in the same old range of 83.00-83.30. A few observations a. Expect the range of 83.10 - 83.45 would hold for the week and there could be choppy moves within this range. b. There is divergence seen in the charts c. The currency pair seem to have its own agenda and reflect the sentiments similar to CNY currency. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects • Next couple of weeks is crucial. The final hope remains at 83.70. If this level breaches on a closing basis, then the Alligator pattern will kick-in and it would be a confirmed move towards 85.70 in the near future. Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF9
USDINR-Weekly Outlook-Venkat's BlogThe chart shows an ATH of 83.69 whereas the on-shore markets high is believed to be 83.49 in this move. Thank God that the pair did not move beyond 83.70 else it would have been a disaster. Also that the currency pair is drifting back in to the rectangle. The market will try to position itself for covering the Imports on any dip. Markets were expecting huge flows to happen towards the annual closing and it went the other way. We atre back in the same old range of 83.00-83.30. A few observations a. Expect the range of 83.20 - 83.45 would hold for the week and there could be choppy moves within this range. b. There is divergence seen in the charts c. The currency pair does not seem to follow DXY, Stocks or the Precious metals A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects • Next couple of weeks is crucial. The final hope remains at 83.70. If this level breaches on a closing basis, then the Alligator pattern will kick-in and it would be a confirmed move towards 85.70 in the near future. Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only. by SYFXTF8
USD/INR may give new moveThe trend line is expected to be touched again in anytime May to July 2024. An upmove to 87-90 range can happen after thatby mkmunir34
USDINR-Weekly Outlook-Venkat's BlogThe pair below 82.80 after nearly 6 months was like a fairy tale and the story proved to be short lived. The tweezer bottom at 82.65 worked perfectly. As expected the pair attempted the long term trend line resistance at 83.09.The market witnessed a sharp move past the boxed range and the pair made a new ATH at 83.69. This comes as shocker for the market as the long protected range of 83.30-83.45 got breached The Annual closing and balance sheet related exposure hedging is likely to keep the pair well above 83 levels. A few observations a. Expect the range of 83.30 - 83.70 would hold for the week and there could be choppy moves within this range. b. There is divergence seen in the charts c. The currency pair does not seem to follow DXY, Stocks or the Precious metals A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects • Next couple of weeks are crucial. The final hope remains at 83.70. If this level breaches on a closing basis, then the Alligator pattern will kick-in and it would be a confirmed move towards 85.70 in the near future. Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF6
USDINR-Weekly Outlook-Venkat's BlogThe pair drifting below 82.80 after nearly 6 months was like a fairy tale and the story proved to be short lived. The pair made a tweezer bottom at 82.65 and closed the week at 82.86. Ideally it might attempt the long term trend line resistance at 83.09 and find sellers emerging. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. We can expect a consolidation between 82.65 and 83.10. A few observations a. Expect the range of 82.65 - 83.09 would hold for the week and there could be choppy moves within this range. b. The currency pair does not seem to follow DXY, Stocks or the Precious metals c. There is divergence seen in the charts A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects • The next couple of weeks are crucial. We will get to know if we are heading towards 82.30 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only. by SYFXTF5
USDINR-Weekly Outlook-Venkat's BlogThe pair finally closed below 82.80 after nearly 6 months. The pair was traded between 82.92 and 82.66. The good part is that the upside has gradually brought down from 83.30 to below 83. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. We can expect a consolidation between 82.40 and 82.90. A few observations a. The currency pair does not seem to follow the DXY, Stocks or the Precious metals b. There is divergence seen in the charts c. Expect the range of 82.40 - 82.92 would hold for the week and there could be choppy moves within this range. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects • The currency pair is at a crucial level on a trend line from Nov 22, a break now or not in near future will be known this month • The next couple of weeks are crucial. We will get to know if we are heading towards 82.30 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF8
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.Shortby MacroCow3
Short USDINR Target 80.10. If closing below 82.77, Stoploss NOT Dear friends, my last call on GBPINR totally floped. I know, but this is golden opportunity to sell USDINR for the target of 80.1000. Idnit gives closing below 82.77 or at 82.77 then take a short position for a big shot. Stoploss not required. I am not SEBI advicer so it is not for advicing traders. This analysis is for my own education purpose. Thanks TradingView! Shortby psyank281Updated 6
USDINR-Weekly Outlook-Venkat's BlogThe pair was traded between 82.82 and 82.95. The currency pair continues to be in the narrow range. The good part is that the upside has gradually brought down from 83.30 to below 83. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. There is no action and best we can assume that the band is marginally lowered to 82.80 83.00. A few observations a. There is divergence seen in the charts b. The currency pair does not seem to follow the DXY, Stocks or the Precious metals c. Expect the range of 82.70 - 83.00 would hold for the week and there could be choppy moves within this range. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. o The result is that it has extended to third quarter as well. The same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 • The currency pair is at a crucial level on a trend line from Nov 22, a break now or not in near future will be known this month • The next couple of weeks are crucial. We will get to know if we are heading towards 82.30 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only. by SYFXTF4
USDINR-Weekly Outlook-Venkat's BlogThe currency pair continues to be in a the narrow range The pair traded between 82.81 and 83.01. it appears that the pair is behaving like CNY, as we observe that both the sides are protected and there is no action and best we can assume that the band is marginally lowered to 82.80 83.10. A few observations a. Expect the range of 82.70 - 82.90 would hold for the week and there could be choppy moves within this range. b. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects c. There is divergence seen in the charts A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 As noted in our 3rd July Blog: A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. The result is that it has extended to third quarter as well The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 The currency pair is at a crucial level on a trend line from Nov 22, a break now or not in near future is the daunting question The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50. Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF9
Rupee IndexRupee Index comprises of 10 constituents with the given weightages. Base ₹100 Base Year 2018 USD🇺🇲 36.76% EUR🇪🇺 19.79% GBP🇬🇧 9.25% CNY🇨🇳 10.21% JPY🇯🇵 7.34% AUD🇦🇺 6.00% CAD🇨🇦 5.44% RUB🇷🇺 2.38% BRL🇧🇷 1.27% ZAR🇿🇦 1.55%by SSR19994
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is back to the narrow range The pair traded between 82.93 and 83.11. it appears that the pair is behaving like CNY, as we observe that both the sides are protected and there is no action and best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Expect the range of 82.80 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. b. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects c. There is divergence seen in the charts A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 As noted in our 3rd July Blog: A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. The result is that it has extended to third quarter as well The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF7
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is back to the narrow range The pair traded between 82.97 and 83.06. With both sides being protected, there is least or no action and it appears that the pair is behaving like CNY. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects b. There is divergence seen in the charts Expect the range of 82.80 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The result is that it has extended to third quarter as well o The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 • The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only. by SYFXTF10
USDINR-Weekly Outlook-Venkat's BlogThe currency pair did a quick attempt of 82.83 and was back again closer to 83 levels. We saw the pair traded between 83.83 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. There is divergence seen in the charts b. The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 c. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects There appears a fair chance for the pair to trade towards 82.33 at least for short period in the coming weeks. Expect the range of 82.80 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The result is that it has extended to third quarter as well • The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF10
USDINR-Weekly Outlook-Venkat's BlogThe currency pair is once again back in to the narrow range regime. We saw the pair traded between 83.05 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects b. There is divergence seen in the charts c. The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 Expect the range of 82.80 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The result is that it has extended to third quarter as well • The next couple of weeks are crucial. We will get to know if we are heading towards 82.50 or 83.50 Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF8
USDINR-Weekly Outlook-Venkat's BlogThe currency pair gave great hopes when it finally gave indications of a possible shift lower towards 82.50 at least. However, as luck would have it the equity sell-off triggered the sentiments negative and witnessed sudden surge of buying interest to lift the prices above 83. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects Expect the range of 82.70 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. • The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 • As noted in our 3rd July Blog: o A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. o The result is that it has extended to third quarter as well • As observed in the previous blog, still there are fair chances of the breaking lower towards 82.50, at least for a short period Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only. by SYFXTF2213
USDINR-Weekly Outlook-Venkat's BlogThe currency pair finally shows signs of moving out of the 83.00-83.35 range after almost 3 quarters. In the past we have seen that when every time the pair comes closer to 83 there is a good amount of buying interest. With weekly closing below 83, we may see sellers emerging. A few observations Ultra-low Vols may be a huge risk and there could be sharp move happening when no one expects Lower crude prices keep the demand for USD. After having seen the big move of 74 in Jan 22 to 83 in Oct 22, The Importers seem to Hedge themselves fully and the exporters may be waiting and might be repenting for having missed higher levels The rates remaining in a small range is not anything new for the currency pair as we could see from the quarterly charts, it has been in small ranges for almost 3-4 quarters in the past once in every three years. However, this general behavior altered after 2008 Expect the range of 82.70 - 83.15 would hold for the week and there could be choppy moves within this range. A close outside this range requires reassessment of risk/direction and target. A few more observations: Continue to keep the following input for quick reference though it is repeated for the past 8 months. The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Alternatively, the Fib projection of the move from Jan 22(Low) to Oct 22(High) and Nov 22 low also suggest the projection as 82.92. Hence, the importance. If breached, we may see another spike towards 85.70 As noted in our 3rd July Blog: A deeper correction is long overdue. The market is expecting 82.70-83.35 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 82.70. The result is that it has extended to third quarter as well A fresh start with New year and new quarter, the question still remains 81.50 or 85.50? As observed in the previous blog, there are fair chances of the breaking lower towards 82.50, at least for a short period Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF8