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simplyansh

USDINR looks to be good short, heading down to 77.2 levels

Short
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
simplyansh  
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Supply and Demand Parallel Channel USDINR usdinrshort usdinr-forecast usdinranalysis usdinrchart usdinrstrategy usdinrpricetrendanalysis usdinrtrader usdinrtradesetup
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trendanalysis supplyanddemand parallelchannel usdinr usdinrshort usdinr-forecast usdinranalysis usdinrchart usdinrstrategy usdinrpricetrendanalysis usdinrtrader usdinrtradesetup
USDINR has been trading in an Upward Parallel Channel, since last year end till now. Recently it has hit the upper top of the channel at 77.88 levels.
Its a SELL till 77.4 and if it breaks 77.4 level with good volume, it can further drift down to 77.17 levels.

76.94 to 77.17 is a Buy Zone, where can be a bounce back but till that time, its a Short.
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