Let’s break it down for my Pakistani Friends! 🇵🇰
PKR/USD isn’t just a forex pair it’s practically a slow-burning political memo dressed up as a currency chart!!! But make no mistake: there’s structure underneath the mess.
PKR/USD: The Controlled Descent with Scheduled Interventions
📉 Every bounce is negotiated. Every dip is deliberate.
Welcome to the Pakistani Rupee vs. US Dollar saga, where the story isn’t volatility it’s managed chaos.
The trendline says: lower highs and lower lows.
Since the 2023 low at 0.003212, we’ve watched a modest climb attempt.
Price flirted with 0.003663, only to slide into indecision.
The descending trendline? Untouched. Like a ceiling made of bureaucracy.
Pivot Zones: They Matter Here
P = 0.003710: The big magnet no one touches.
R1–R6? Let’s be honest — those are optimistic dreams unless something drastic happens, like IMF money rain.
S1 = 0.003451 is already flashing yellow.
A slip below here, and we might revisit the S3–S5 cluster (0.0034–0.00342).
What’s Actually Moving It?
This isn’t about economic data. It’s about:
- External debt obligations
- Foreign reserves praying for remittances
- A central bank trying not to panic
Playbook for Traders
Trend Followers: Don’t hope for a breakout. Watch the trendline rejection and play the glide down.
Range Traders: Use pivot zones like landmines — carefully, with tight stops.
Macro Traders: Track geopolitical winds. This chart moves on news, not numbers.
📌 Conclusion:
PKR/USD isn’t dead it’s tranquillised.
The slow, calculated descent may look boring, but boredom is often where consistency hides in forex.
Don’t trade the drama. Trade the pattern.
Please keep in mind.. the economy in Pakistan is growing since 15 years more than 8% in average!
