USDINR: What is going on?

USDINR Daily chart


From the above chart, I have been saying that prices are moving precisely in a falling channel (black). Last week I had published an article: USDINR: How an impulse wave looks like. Here is the link...


In which is stated that, it had broken its previous low by making 70.70 but it is not a sell signal. I had also mentioned that monitor its direction. The pair advance by over 70 paise from the low of 70.70 where my bias was a BUY.

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