USDINR could test 63.33 on dovish Fed
INR is on fire following ruling party BJP's victory in Uttar Pradesh elections. The monthly chart suggests a dovish Fed could yield a sell-off to the monthly 50-MA 63.33 levels.
That means a 200 pip drop.The move could happen in a day or two if the Fed keeps the rates unchanged.
That means a 200 pip drop.The move could happen in a day or two if the Fed keeps the rates unchanged.
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