USDINR: The level of 66.50 achieved

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We were continuously saying that USDINR is expected to dip till 66.50 levels from 14th March 2016. On Friday, “we will continue to be negative for this pair as it can move down till 66.50 or even lower.” the pair closed at 66.50 levels- Anticipated happened.

As shown from the above daily chart, the major trend continues to be positive for this pair as it is moving in a higher high and higher low formation and prices are persisting in the rising channel. To change the trend from positive to negative, it is imperative for prices to break the rising channel and also break the level of ... decisively

From wave perspective, the pair has opened wave ... on the downside. Wave ... is ... in nature and will have ... waves in it. 


In short,......

USDINR Daily anticipated on 6th March

Happened on 18th March 2016.





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