Navigate the Forex Market: Discover the Latest USD INR Weekly Trade Levels

By | June 11, 2023 11:09 am

RBI’s monetary policy unfolded as expected, resulting in minimal volatility in the USDINR market. Policy rates were left unchanged, while the inflation forecast for FY24 was revised down from 5.2% to 5.1%. RBI maintained its growth expectation for FY24 at 6.5%. Nevertheless, USDINR started the day with a downward gap due to a decline in the US Dollar Index, triggered by a surge in US unemployment claims to 18-month highs. With the upcoming Fed meeting, traders are now anticipating no changes.

USD INR Gann Angle Chart


The price continues to get support from 82.50-82.25 range. Break of 82.25 can lead to fall towards 82.

USD INR Plannetary Support and Resistance Line

Indain Rupee is above Venus Plannetary line heading  towards 82.20/82

USD INR Harmonic

Price is heading towards 81.5  to complete GARTLEY pattern.

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 12 June

Weekly Trend Change: 82.45

Weekly Resistance:82.55,82.75,82.90,83.05

Weekly Support: 82.30,82.15,82,81.85

Levels Mentioned are for June Contract of USD INR

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