USDINR is on verge of break out.

8 באוג׳ 2023

USDINR has been trading in the 83-80 area since October 2022. The USDINR has been consolidating for nine months and is on the verge of breaking over the 83 barrier. If it breaks over 83 per USD, the pair might go to 86 within 6 months. When the rupee reaches 86 per USD, the Indian central bank may interfere. The ultimate target for Primary Degree Wave 3 may be 90 per USD in the next couple of years, as illustrated in the graph.

https://www.tradingview.com/x/gRBc5Zsz/