G20 Summit 2023 : USD/INR Weekly Analysis

By | September 10, 2023 11:03 am

The Reserve Bank of India (RBI) appears to be clearly indicating its intention to prevent the currency from surging above the previous all-time high, which varies between 83.25 and 83.30,Simultaneously, there is a notable increase in open interest around the 83.00 strike put option, suggesting that traders may be speculating on the USDINR maintaining levels above 82.90/83.00 for the foreseeable future.

USD INR Weekly Chart


USD INR rejected from Upper end of range one again.

USD INR Plannetary Support and Resistance Line

Indain Rupee is middle zone of Venus Plannets line.

USD INR Harmonic

Price has completd the Deep Crab Pattern if 82.5 is held price is heading towards 84 new all time high.

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 11/15 Sep

Weekly Trend Change: 83

Weekly Resistance:83.20,83.40,83.65,83.90

Weekly Support: 82.85,82.60,82.45,82.20

Levels Mentioned are for Septemeber Contract of USD INR

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