USDINR looks to continue bearish downward from economics time => Rupee at 1-week high ahead of US jobs report
As you have seen since last one month the market is range bound between 61.50 to 63.00 rupees. From the graph it is observed that still for coming it will stay within its range.
Have a look on below charts. For intraday traders its will be a bearish move and prefer to wait till 61.50. For long term traders I will prefer they should stay away from market and watch its levels at 61.50 and 63.00 if at these levels market conquer to cross those then we expect a strong UP or DOWN trend in particular direction.
There is no high priority news from US market for coming week & similary in India there isn’t any high priority news so I am not expecting the big moves for coming week. Traders can trade it on intra day with strict stop loss.
If I come across any news or updates on setup for USDINR I will update you as soon as possible.
Wishing you all a very best luck & EnjoYYYYYY Trading.
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