| The USDCHF tests a key technical target defined by lower channel trend line and 100 bar MA and 100 day MA. Key technical support cluster. |
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Indian Rupee Technical Analysis video forecasting the next move and price for INR.
I mentioned to watch out for a bounce at 110-110.5 and we indeed got that so far, but the bulls are not our of the woods yet.
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Don’t panic, mate, we’ve got you covered.
The Indian rupee has slipped to fresh record lows and is now approaching the psychologically key 90-per-dollar area. Weak foreign inflows, broader risk aversion, and uncertainty around trade discussions have intensified pressure on the currency. The central bank has reportedly been stepping in to slow the decline, but traders still question whether 90 could be reached before the end of the year. Forecasts highlight continued downside risks as markets await the next interest rate decision.
But we don’t care about all that here with this video! We look at the pure technicals and anticipate what may be a great trade (at your own discretion and your own risk only), based on pure technical expertise and logic.
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