USDINR stuck in range and waiting for a breakout
Updated
USDINR is stuck in a range for last few weeks. Both price and RSI are oscillating in a narrow range. This price action would lead to sharp one-sided move on a successful breakout.
On downside, the target is around 81.90 and on the upside the target is around 83.30
On downside, the target is around 81.90 and on the upside the target is around 83.30
Trade closed: target reached
Target of 81.90 achieved on the downside, after the price and RSI broke the consolidation region.
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