Interesting Price Action and charts pattern are being observed in USD/INR currency pairs.
1. The Cup and Handle Formation.
Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee
should get bit stronger.
2. All time high Resistance
We have seen previously, sell of from these high levels in past.
3. ABCD harmonic
According to these Rupee can test Neck of Harmonic, that can be around Rs75.5
4. Fibonacci Retracement
If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days.
Trade on your own risk and analysis.
1. The Cup and Handle Formation.
Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee
should get bit stronger.
2. All time high Resistance
We have seen previously, sell of from these high levels in past.
3. ABCD harmonic
According to these Rupee can test Neck of Harmonic, that can be around Rs75.5
4. Fibonacci Retracement
If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days.
Trade on your own risk and analysis.