Indian Rupee does price time Squaring,Weekly Analysis

As per our Last Analysis  We saw the bounce back is USD INR and price reaching all the way till 72.6 near gann angle resistance and on our Trend Change date of 11 Dec Suggesting we did a perfect price time squaring.

71-71.3 should be closely watched in coming week as its very strong support and any break below that we can see downfall all the way till 70.5/70.

Reason For Rally In Indian Rupee

RBI Governor decided to Resign in Shock Decision which rattled the currency market.

Major Trend Change date for INR for November

  1. 05-Dec-18– Small Bottom
  2. 11-Dec-18– Top Made
  3. 23-Dec-18
  4. 29-Dec-18

Weekly Trend Change:71.95

Weekly Resistance :72.34,72.66,73.01

Weekly Support:71.28,70.85,70.22

Levels Mentioned are for DEC Contract of USD INR

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