By | December 18, 2022 9:14 pm

The FED delivered its policy, and raised the interest rates by 50 BPS, which was in line with the market expectation. The initial reaction was a massive sell-off in the dollar which pushed the dollar index lower toward the 103.00 mark. Now in the coming week we do have the core PCE price data and consumer confidence data, which could spike up the volatility a bit. On the charts we have been seeing the USDINR pair face rejection the moment it gets anywhere close to the 83.00 mark. So, in the coming week this level will continue to be the key level we will be watching. On the downside we might see support near the 82.00 level.

USD INR Gann Angle Chart

Price resisted at 1X1  gann agnle and heading towards 2X1

USD INR Plannetary Support and Resistance Line

Indain Rupee breakdown below  Venus Plannetary line heading  towards 82/81.5

USD INR Harmonic

Price is heading towards 79 to retest the C leg

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 08 Nov

Weekly Trend Change: 82.75

Weekly Resistance:82.90,83.05,83.25,83.40

Weekly Support: 82.55,82.40,82.25,82

Levels Mentioned are for December Contract of USD INR

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