USD INR - INR to enter into Stronger Regime with volatility

4 Şub 2021

Dated 04/02/2021
17.48 hours

PERCEPTION INR TO GET INTO STRONGER REGIME

USD INR has good support at 73-72.63.
The level of 73 it has held well since September 20.
Resistance is at 73.30.
The chart is is making lower tops since November 20.
Overall the major peak for USD INR has been in
March 20 when equities world over crashed.
The peak in March 20 was formed at 77.416.
Most the time price were around 76.38.
All the above formation is for Wave (d) and spike for
Wave (e)

Long Term
Price Analysis
year 2008
A long term (a),(b) and (c) structure is visible.
Wave (c), unfolded
in a,c,d,e
Wave d appears to be end now at or around
73-72.65.
A breakout above 73.30 can set a rise to for Wave e
to be around 74.528 to end Wave (c).

If that happen then expect USD INR for deeper correction
which will mean a strong INR regime.

If current support of 73-72.65 is violated with
acceleration on downside then expect 23.6%
retracement 68.40.

In that case Wave (c) ended at peak 77.416.

Weaker INR regime may not be long last one now.

The time is for stronger INR regime in time to come
over few years.

One spike of weakness for INR can be seen before
a strong INR begin to unfold.