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USDINR

31 Jul 2020 ‚óŹ 07:15 AM

I have been hoping that the USDINR complete an x wave before it goes down the dollar again. So far on a relative basis the USDINR has gone up agasint the dollar so the rupee is relatively weak. Prices are finding it hard to go above the 20dma at 74.9, but an x wave should go to the parallel channel at 75.53 or the 61.8% retracement of wave y at 75.68 before it can go down again.

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