SHORT USDINR, Free fall of @USD
Updated
Happy to see INR covering some ground.
Will this free fall of USD, will it test Yearly support line of 2016 of 66.5?
Will this free fall of USD, will it test Yearly support line of 2016 of 66.5?
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As expected, INR strengthens whilst USD has not softened in the same way against other major currencies.Good for Indian economy, but will hit software industry negatively.
Target 66.5
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USDINR tumbled from 68 to near 66.5 target as predicted.Watch-out for possible bounce back from 2016 support line.
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