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USDINR is following a upward channel, visible in daily chart and in consolidation phase from last almost one month. Similarly, a visible downward channel is also visible in four-hour time frame which is continuing for last fifteen days. Breakout from the consolidation phase in any direction may give this instrument a massive movement.
Technical indicators indicate corrections the need. I specially chose the purpose achievement by which perhaps with high probability. It does not mean that correction on it will end. On the week chart the price moves in the upward channel, that is the medium-term trend remains upward.
Same is the case with RSI. I see the upward side strong resistance zone remains between Till the time Curious to hear your views too! As we see in the graph that double correction has completed and now the journey towards the upside is started in the form of C leg Recently it has hit the upper top of the channel at Its a SELL till Dollar is near all time high against INR, and is following an uptrend channel from last six months.
At this point If it crosses But any negative price action below In that case We could expect the sudden big fall in this pair. Indian Rupee - data, forecasts, historical chart - was last updated on June of The Indian Rupee is expected to trade at Looking forward, we estimate it to trade at Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
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View live U.S. Dollar / Indian Rupee chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Get instant access to a free live streaming USD INR chart. This unique US Dollar Indian Rupee chart enables you to clearly notice the behavior of this pair. INR to USD currency chart. XE's free live currency conversion chart for Indian Rupee to US Dollar allows you to pair exchange rate history for up to 10 years.