The coming week is very busy for the FX markets, there are a lot of data releases from almost all the major economies. For starters we had the Eurozone and the UK coming out with their PMI data, and as we head into the week we have the US PMI, manufacturing index, US GDP and the data release that the traders will look out the most i.e. the PCE data, as this data is the FED’s gauge of inflation, and this data release coming in lower than the analyst estimates will support the bets of FED opting for smaller sized rate hikes, and opting to reduce the pace of tightening. Technically, the USDINR pair constantly faced rejection near the 81.80 zone, this level in the sessions to come is going to act as a resistance. On the downside we might see support come in near the 80.80 level
USD INR Gann Angle Chart
Price back to 2X1 gann agnle and heading lower towards 82
USD INR Plannetary Support and Resistance Line
Indain Rupee breakdown below Venus Plannetary line heading towards 81/80.75
USD INR Harmonic
Price is heading towards 79 to retest the C leg