Currently even after repeated policies by RBI, they have failed miserably in saving rupee for falling. rupee @78 is evident in coming weeks, but in short term in daily charts the uptrend trendline is broken a little more push beyond 76.365 INR can be pushed towards 76.000. More ever even on weekly charts price action has slowed down and a bearish pin bar is formed at a high of 77.00 again suggesting a bearish setup. last but no the least follow price action and recent support resistance levels.
- USD/INR
-23-04-2020.
- USD/INR
-23-04-2020.