USD INR Weekly Forecast 23-28 Oct 2023

By | October 22, 2023 1:09 pm

The global environment continues to favour the US Dollar, driven by the Federal Reserve’s hawkish comments, which have pushed the yield on the US 10-year Treasury to the 5% mark, leading to a sell-off in equities. The US Dollar is currently trading relatively flat against major currencies.  Traders may consider buying the dip with a stop-loss below 83.00 on a closing basis. The major resistance levels to watch are around 83.30/32 on the spot market.

USD INR Weekly Chart


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

USD INR Plannetary Support and Resistance Line


Indain Rupee at a middle of Venus Plannet line.

USD INR Harmonic

Price is forming the D Leg of SHARK  Pattern heading towards 84/84.25 till above 83.75

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 23 Oct

Weekly Trend Change: 83.20

Weekly Resistance:83.45,83.65,83.90,84.10

Weekly Support: 83.05,82.85,82.50

Levels Mentioned are for November  Contract of USD INR

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