USDINR Technical View:
USDINR is forming a rounding top after a decent rally on its recent move. Currently price is moving within a expanding wedge however it is finding resistance at the upper side. Daily RSI has found resistance at the overbought zone and currently falling. On the above technical studies & parameter, we are expecting downwards move in the price towards 64.50 levels.
EUR Technical View :
EURINR has been moving in rising wedge formation; where pair has traded near the lower side of the formation; which could be a immediate support for the prices. Price is above all the major DMAs. Daily RSI has been finding support at the previous through. Based on the above technical studies or indicator, we expect bullish movement in the prices towards 81 levels.
GBPINR Technical View:
GBPINR has moved above its previous peak which suggests growing optimism. Daily RSI has been finding support at the previous through. As per the above technical structure, we are expecting bullish movement in the prices towards 91.20 levels.
JPYINR Technical View:
JPYINR has given a rising channel breakdown on the daily chart which suggests reversal of the previous trend. RSI is coming out from the overbought zone and falling. On the above technical studies & parameter, we are expecting bearish move towards 60 levels.AFTER POST CONTENT
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