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USDINR

28 Sep 2020 ‚óŹ 05:12 AM

USDINR has either topped at the upper Bollinger band on daily charts or is still forming a triangle as shown by the orange line. The consolidation is wave B in either case and will be followed by wave C down eventually is still my view. The 20dma is 73.50 and a close below it would add weight to the bearish view. The lower trendline of the triangle at 73.36 also needs to break for the downside to accelerate

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