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