US data has been impressive. The GDP for the January to March quarter was revised upwards to 2.00%, and unemployment claims experienced the largest decrease in 20 months. As a result, traders are speculating on a possible interest rate hike by the Federal Reserve next month
USDINR June is closed at the high point of the week. USDCNH is approaching 7.30 and that could be pushing USDINR upwards.
USD INR Gann Angle Chart
USD INR Support can be found at 81.85/90 while resistance is observed at 82.30/35.
USD INR Plannetary Support and Resistance Line
Indain Rupee is bounced from Venus Plannetary line heading towards 82.50/82.75
USD INR Harmonic
Price is heading towards 81.5 to complete GARTLEY pattern.