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USDINR 10-08-2022

OANDA:USDINR   None
In hourly candle USDINR looks sideways at the moment. With ongoing wars and geo political tensions its really hard to predict the directions. One more uncertainty of China and Taiwan issue. If China and Taiwan issue increases then it may put more impact on world economy than Ukraine Russia as these are bigger economies. Also, US cpi data for July will be out on Wednesday. USDINR is moving in a range. In spot market if it breaks 79.60 by making higher high than it is suppose to go long till 79.75 and if it breaks that resistance than it may touch 80 again. For sale side USDINR needs to break below 79.45. One can gain by scalping if it moves in the range of 79.45 and 79.60.
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