USDINR Re-visited

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 USDINR hourly continuous chart anticipated on 18th July 2021


USDINR hourly continuous chart happened on 6th September 2021


In my previous update on USDINR I had mentioned that, " USDINR can test 75.5 levels over short term followed by 73 over medium term."

Prices went up till 75.1 and faced the resistance of the falling channel making it difficult to reach to the level of 75.5. However, the medium term view of tumbling near to 73 levels was almost achieved as it made a low of 73.1.- Anticipated Happened.

Here is the link of my previous article on USDINR, click on it

https://www.marketanalysiswithmeghmody.com/2021/07/usdinr-elliott-wave-analysis.html

From Waves perspective, prices faltered in corrective pattern which then I have to mark as (a-b-c). This does not mean that wave Y on one higher degree is over, this can be wave a of wave Y followed by wave b ad then wave c lower. On the other hand there is also a possibility that prices have completed wave y and it is now moving higher. I will monitor the movement and keep you all updated on it.

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