USD INR Weekly Analysis 22 April- 26 April 2024

By | April 21, 2024 8:31 am

In the face of continued robust US global commodity prices despite a thriving economy, controlling inflation is proving increasingly arduous. Traders’ expectations for rate cuts by the Fed have dwindled from six or seven to barely two by the end of 2024. However, the lingering anticipation of Fed generosity, especially during an election year, sustains hopes for further rate reductions. Dollar Index made a fresh High and will hae negative impact on USD INR Pair.



USD INR  heading towards all time of 84.

USD INR Supply Demand Zone

India Rupee Supply Demand Chart : Demand in range of  83.30-83.40, Supply in range of 83.70-83.75

USD INR Harmonic

Price is forming the D Leg of Alternate ABCD Pattern heading towards 84/84.55 till above 82.5

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 22 April

Weekly Trend Change: 83.50

Weekly Resistance: 83.65,83.80,84.10,84.25

Weekly Support: 83.25,83,05

Levels Mentioned are for May  Contract of USD INR

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