USD INR Weekly Technical Analysis

By | August 5, 2013

USD INR Daily

usdinrdaily

USD INR chart is forming a double top pattern and any close above 62 will invalidate the pattern. Also many brokerage are coming out with aggressive target of 65-70 on INR. Which also gives an indication of  going short in INR. As par Gann Fann INR is a top of fan suggesting short term correction on cards.

USD INR Weekly

usdinrweekly

Weekly charts are also showing negative divergence suggesting pullback is on cards till 60-58 odd levels.

 

USD – INR Trend Deciding Level:61.49

USD – INR Resistance:62.27,63.09 and 64.28

USD – INR Support:60.71,59.90and 58.33

Levels mentioned are USD – INR August Future

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