USDINR - 15Feb2022
On the H4, price was not able to bounce higher to 1st Resistance at 75.8550 yesterday. H4 Stochastic is also at resistance for pull back.
On the H1, RSI is indicating negative bearish divergence while Stochastic is at resistance. With all the indicators aligning for possible pull back, we could expect USDINR to pull back to H4 1st Support at 75.2260.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price was not able to bounce higher to 1st Resistance at 75.8550 yesterday. H4 Stochastic is also at resistance for pull back.
On the H1, RSI is indicating negative bearish divergence while Stochastic is at resistance. With all the indicators aligning for possible pull back, we could expect USDINR to pull back to H4 1st Support at 75.2260.
This is for personal record purposes only, not financial advise or solicitation of trade.