ISRAEL-PALESTINE WAR :USD INR Weekly Forecast 09-13 Oct 2023

By | October 8, 2023 7:10 pm

RBI’s sounded hawkish on inflation front and talk about possible OMO sales is positive for INR yields. Higher yields can push the forward premium higher and slightly positive for Rupee. But at the end of the day, direction of USDINR will be dictated by global trend of the US Dollar and the US bond yields. US September non-farm payrolls +336K vs +170K expected, ISRAEL-PALESTINE WAR can lead to spike in crude, Negative for USD INR.

USD INR Weekly Chart


USD INR rejected from Upper end of range one again and foremed Weekly Doji.

USD INR Plannetary Support and Resistance Line

Indain Rupee at a support of Venus Plannet line.

USD INR Harmonic

Price has completd the Deep Crab Pattern below 83 heading towards 82/81.5

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 09/12 Oct

Weekly Trend Change: 83.50

Weekly Resistance:83.65,83.90,84.10,84.25

Weekly Support: 83.25,83.05,82.85,82.50

Levels Mentioned are for October Contract of USD INR

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