18 Sep 2020 ● 07:25 AM
USDINR is breaking the trendline o the last two lows inside the recent bounce at 73.40. It has also failed to close above the 20dma in this bounce at 73.60. Remaining below both these levels we are due to start wave c down toward 71.47. The RSI is at 44 so not oversold anymore. The blue line is the lower end of the long term ending pattern of the 5th wave whose break would also confirm the longer term top in the USDINR.