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simplyansh

USDINR looks strong on Daily & Weekly timeframe, heading to 77.8

Long
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
simplyansh  
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Chart Patterns USDINR usdinrlong usdinr-forecast usdinranalysis usdinrstrategy usdinrpricetrendanalysis usdinrchart usdinrtrader currencytrading
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trendanalysis chartpattern usdinr usdinrlong usdinr-forecast usdinranalysis usdinrstrategy usdinrpricetrendanalysis usdinrchart usdinrtrader currencytrading
USDINR is rising on rising sharply due rising crude oil prices this week, as European nations has said No to Russian Oil.
USDINR is looking strong and can head to levels of 77.8 where it can face huge resistance.

If USDINR manages to trade above 77.8 levels on daily and weekly timeframes, then it is heading towards 78.5 levels.
If BEARS managed to hold USDINR further upward movement or if RBI intervenes, then it can fall back to retest 77.4 levels.

P.S. Most of this movement in USDINR this week would be dependent on how CRUDE OIL performs in global markets.
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