As US Dollar is coming back to life and major equity indices drifting lower, upside pressure will build on USDINR. It just 3 paise away from fresh all time high. How long can the invisible hand hold the rate here. When US Dollar had fallen, over the past couple of days, USDINR failed to move lower. But if US Dollar comes back to life now, the central bank may have to spend even greater reserves to hold 83.30 level.
USD INR Weekly Chart
USD INR continue to trade sideways above 06 Dec High 83.41 which is gann date trend will turn bullish again
USD INR Supply Demand Zone
India Rupee Supply Demand Chart : Deamnd in range of 83.25-83.12, Supply in range of 83.55-83.60.
USD INR Harmonic
Price is forming the D Leg of SHARK Pattern heading towards 84/84.25 till above 83