As per our Last Analysis 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.
Once 71.3 was broken on 18 Dec we had a good rally which did all our target on downside.
For coming week more rally can be seen only below 69.75 and bearishnes can be seen above 70.5 for a move back to 71/71.3
Major Trend Change date for INR for November
- 05-Dec-18– Small Bottom
- 11-Dec-18– Top Made
Weekly Trend Change:70.50
Weekly Resistance :70.85,71.55,72.11
Levels Mentioned are for DEC Contract of USD INR