USDINR

USDINR faced resistance near the falling trendline from the 2020 top,
it came close to touching it but turned lower,
also hit has broken down recent support trendline too,
another move to the bottom end of the triangle near 72.47 should develop,
if this triangle is complete as presumed then we should break below 72.47, and that would be b d trendline and it can make it more bearish.

Key Levels are Mentioned on chart

Wave Structure

Trendline breakdown

Macd in daily negative and crossed under zero line

Rsi in daily below 40 and down tick

Lower bollinger band challenged in daily time frame

Dmi adx also Negative ungli

Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing

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