USDINR - 12Jan2022
On the daily, price is coming into long-term ascending trendline support. We could expect price to find a short-term bounce from 1st Support at 73.58.
On the H4 timeframe, price continued to drop lower. However it is coming into daily support. As Stochastic is also at support, we may see price to have a quick drop to 1st Support at 73.50 before bouncing back to 1st Resistance at 74.225.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is coming into long-term ascending trendline support. We could expect price to find a short-term bounce from 1st Support at 73.58.
On the H4 timeframe, price continued to drop lower. However it is coming into daily support. As Stochastic is also at support, we may see price to have a quick drop to 1st Support at 73.50 before bouncing back to 1st Resistance at 74.225.
This is for personal record purposes only, not financial advise or solicitation of trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.