USDINR

USDINR is attempting to close positive for the day and if it does the entire recent decline may end up looking like a leading diagonal in wave I of a decline. What might follow short term is wave II up that will retrace a significant portion of this wedge-like pattern. 

Alternately this is a triangle in wave B of a bounce-back then the move up marked as 2 is wave A and the triangle wave B, then wave C can actually go back above 74-75.