USDINR - Approaching resistance zone
After showing a sharp fall early last week, USDINR has again started its upward journey. It is slowly approaching a strong resistance zone. This zone lies between 79.69 - 79.82. A breakout of this will clear its path towards 80.00 and then towards the recent all time high of 80.20.
However, a strong rejection of this level might mean a fall back to 79.00 levels.
So, if you are planning a fresh entry, price action in the region of 79.69 - 79.82 is an area to watch for.
However, a strong rejection of this level might mean a fall back to 79.00 levels.
So, if you are planning a fresh entry, price action in the region of 79.69 - 79.82 is an area to watch for.
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.