USDINR

The USDINR has foxed us for quite a while. But we should be getting to a conclusive point, especially as we are in a rising dollar environment for the medium term. The USDINR thus made a double bottom near 72.25 on this weekly chart. The fall may have ended at point E on this weekly chart and we may now attempt to break out of this triangle-like pattern above 73.50. Above that, we go to test the wave B high of 75.