Past 3 months USDINR is forming HIgher Lows indicating initial strength in the index, confirmation of strength and up move can be made once Higher high formation starts.
Any closing above 75.70 will trigger the up move here with Mid term Targets of 78.33, 80.42 and 81.66.
Long term Fibonacchi targets - 79.8, 84.4, 89.
Stop Loss is 73.35, if USDINR closes below SL all above views are negated.
Any closing above 75.70 will trigger the up move here with Mid term Targets of 78.33, 80.42 and 81.66.
Long term Fibonacchi targets - 79.8, 84.4, 89.
Stop Loss is 73.35, if USDINR closes below SL all above views are negated.