Monthly running trend shows Cup w/ Handle formation in USDINR. Targets are 74.640 & 79.613.
Trade attivo:
USDINR at 74.320 (high) already. Expecting further drawdown in Rupee value as RBI unexpectedly holds rate.
Trade chiuso: obiettivo raggiunto:
The target was met perfectly. USDINR made an all-time high of 74.528. Technical Analysis at its simplest.