I have just tried to count waves here in USDINR pair for period of around last one year
(almost).
Well it doesnt look atall that dollar is weakning in near future.
In fact it may remain strong for next couple of year (approx).
Huge huge consolidation almost at same place for last 1 year and now
its almost completed.
Should start heading north very soon and with some good momentum.
Lets see how it goes.
Stay alert
All the best.,
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