USD INR - Historical Preview - Deeper Correction Likely For USD INR Pair 23 Nov 2018 1:03 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 23/11/2018 USD INR - HISTORICAL PREVIEW- Deeper Correction for the USD INR Pair is likely Wave III and Wave 5 of Wave III appears to have completed. In that case it will correct down towards bottom of Wave 4 in due course of time with volatility. The swing bottom for Wave 4 is at 63.24 and the demand zone at 64.12-63.24. If Wave 5 is to unfold into internals then retracement of the rise from 63.24 to 74.48 are at 70.25-69.08-67.64. Wave ii of Wave 5 will tested retracement level of 70.26-69.08-67.64 and consolidate around it to move back above the top f Wave 74.48 or near it to end Wave III of larger degree cycle. If Wave III is terminated at 74.48 then 63.25 is likely to be tested at least. Any rise till 74.48 is not crossed will be pullback on the lower time of frame on the charts. Conclusion Important top is in place at 74.48 for near to short term correction.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Special Reports Impact of Interim Budget 2024 on Indian Agriculture more Top 5 News Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 26 Apr 2024 DCE Oil Complex Evening Closing - 26 Apr 2024 DCE Daily Rates Update ( Time: 20:19 ) - 26 APRL 2024 ICE/ZCE Daily Rates Update ( Time: 20:18 ) - 26 APRL 2... Market Wise Urad Arrivals: Supply Down By -15.07% Again...