USD INR Weekly Forecast 11-15 Dec 2023

By | December 10, 2023 8:52 am

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

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 12 Dec

Weekly Trend Change: 83.45

Weekly Resistance:83.65,83.90,84.10

Weekly Support:83.25, 83.05,82.85,82.50

Levels Mentioned are for December  Contract of USD INR

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