Friday, post US jobs and ISM services, there has been a major Bearish reversal on the US Dollar against important currencies globally. Major equity indices have done a bullish reversal. All in all, if there is follow through buying next week in assets and selling in the US Dollar, then we could see USDINR try and break down below 83.00 levels and test 82.80, the very important, breakout turned support zone.
USD INR Weekly Chart
USD INR rejected from Upper end of range one again and formed Weekly Inside Bar.
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