pranaychhibber

pranaychhibber Updated 

DXY is consolidating in a flag pattern. Although what generally follows is breakout on the upside but unless it gives a closing above 93.50 on the daily timeframe ,it is Short dollar for me. The daily RSI IS getting weaker, so lets see how this unfolds.

pranaychhibber

A close below 73- 73.25 may see Ruppee appreciate towards 72 levels. A breakout of this pattern (falling wedge) and the Ruppee can again test 74. A close above 74 and we might see 75 levels. OANDA:USDINR Note : DXY is in a bear market. RBI in its policy has stated they will curb volatility in the Forex market.