USD/INR Forex Market Analysis: Revealing Essential Weekly Trade Levels

By | July 9, 2023 3:22 pm

US non farm payrolls at 2.09 lakh jobs vs 2.25 lakhs in June. Wage growth is higher than expected. USD is trading 12 paise lower at 82.64

If the exchange rate sustains below 82.60 on a spot basis, it is recommended to exit long positions. Until the exchange rate drops below 82.60 on a spot basis, it is advised to maintain the long position.

USD INR Gann Angle Chart


USD INR Support can be found at 82.30/82.50 while resistance is observed at 83

USD INR Plannetary Support and Resistance Line

Indain Rupee is bounced from Venus Plannetary line heading  towards 83/83.5

USD INR Harmonic

Price is heading towards 83  to complete GARTLEY pattern.

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 11 July

Weekly Trend Change: 82.85

Weekly Resistance:83,83.25,83.40,83.65

Weekly Support: 82.60,82.45,82.30,82.15

Levels Mentioned are for July Contract of USD INR

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