USDINR towards 82.80

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 USDINR hourly chart


Analysis

USDINR is moving in a higher highs and higher lows and it is moving precisely in a rising channel. As far as prices persists in this channel the bias remains positive for the pair.

As per Elliott Wave, prices have opened wave d on the higher side in which it has opened wave c which can soar prices towards 82.80 levels going ahead.

The summation is USDINR is set to move higher near to 82.70-82.80 price range over short term.

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