If the prevailing risk-on sentiment persists, it could lead to some selling in USDINR, possibly pushing it toward the lower end of its established range. As such, we consider it a prudent strategy to be buyers on any potential declines, particularly near the 83.10 level on the spot market, and set a stop order below 83.00.
USD INR Weekly Chart
USD INR has closed above the 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