Next week, apart from headlines from Ukraine, there are no major economic data which can be market moving, either for Rupee or for the US Dollar. With real yields favouring Rupee over US Dollar and softness in oil prices on account of reduced Ukraine-Russia tensions and possibility of a nuclear deal with Iran, Indian Rupee can continue to appreciate against the US Dollar. We expect USDINR to test 74.00 levels over the next week, unless RBI steps in aggressively to buy US Dollars.
USD INR Gann Angle Chart
USD has reacted from gann angle resistance and break of 74.5 can lead to fall towards 74.
USD INR Plannetary Support and Resistance Line
USD INR broken the Venus Astro Line
USD INR Harmonic
Price heading to 74 till holding below 75.05
USD INR Astro/Gann Trend Change Date
Major Trend Change date for INR is 23 Feb