USDINR Bullish break-out signal
The USDINR pair broke this week above Resistance 1 (83.700), the long lasting level since the week of March 18 and following a strong rebound on the 1W MA50 (blue trend-line), the break-out should technically lead higher.
The long-term pattern remains a Rising Wedge and we expect at least a symmetrical +1.29% Bullish Leg to price the Higher High, similar to the March High. Our Target is 84.000.
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The long-term pattern remains a Rising Wedge and we expect at least a symmetrical +1.29% Bullish Leg to price the Higher High, similar to the March High. Our Target is 84.000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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