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MacroCow

USDINR-Weekly consolidation

Long
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
MacroCow  
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Chart Patterns Wedge niftytrend usdinranalysis USDINR niftyview
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trendanalysis chartpattern wedgepattern niftytrend usdinranalysis usdinr niftyview
Reserve Bank of India has conveyed to the market that they are close to the end of rate hiking cycle.
India has not increased rates as much as FED or most of other DM central banks

Indian rupee is close to end of consolidation above the long term wedge. Is it going to lose more value and reach towards 88?
#Nifty #Banknifty #USDINR #Rupee
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