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USDINR

31 Aug 2020 ‚óŹ 12:32 PM

USDINR closed almost flat today as it sold off after equities closed, in case you did not notice. Today the monthly chart shows that the momentum ended in sell mode after a negative divergence as shown on this chart. This fits with my scenario that an a-b-c move up completed and a fall below 72.40 would further confirm it. That would mean that we may retest the next major swing low near 68.27

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