USDINR Up and Down Move:
Down Move:
If 61.19, 63.88 resists, we can see down move. Downside targets are: 57.73, 56.60, 56.08, 53.76.
Based on this view, currently wave b correction is in place, if 58.34 holds support, we will see 59.43, 59.76, 60.35 and max 61.19.
It should not go above to 61.19. If it crosses 61.19, then next resistance is 63.88.
If 61.19 resists, we can see the above mentioned targets, and the small targets will decided based on the wave completion and based on the market price action.
Up Move:
If 58.34 supports, then we will see upmove towards 59.43, 59.75, 60.61, 61.09. As per down move chart this is wave b. but as per up move chart. If and if only USDINR crosses, 61.19, 63.88, positional up move is possible.
Down Move:
If 61.19, 63.88 resists, we can see down move. Downside targets are: 57.73, 56.60, 56.08, 53.76.
Based on this view, currently wave b correction is in place, if 58.34 holds support, we will see 59.43, 59.76, 60.35 and max 61.19.
It should not go above to 61.19. If it crosses 61.19, then next resistance is 63.88.
If 61.19 resists, we can see the above mentioned targets, and the small targets will decided based on the wave completion and based on the market price action.
Up Move:
If 58.34 supports, then we will see upmove towards 59.43, 59.75, 60.61, 61.09. As per down move chart this is wave b. but as per up move chart. If and if only USDINR crosses, 61.19, 63.88, positional up move is possible.
