When economic data is watched very closely by market participants and the worst is expected, then probably the worst also gets priced in. Today US CPI came above 9 Still Dollar Index is seeing Cool off. Rupee remains almost a median performer against major global currencies.Brent is trading close to 99 handle and that augurs well for the Rupee.
Gann Price Time Analysis for Indian Rupee
Indian Rupee has seen a perfect Price time Squring today. 121 Days from 11 Jan and price is at resistance zone. Break of 79.55 can see quick fall towards 79.25/79.10
Plannetary Line for Indian Rupee
Perfet DOJI at Planneatry Line of Resistance
Harmonic Pattern for Indian Rupee
79.80/80 complete the Pattern,
USD Neural Forcast
Neural sees a decline till 20 June.