USDINR - 24Feb2022
On the daily, price have retested the 23.6% resistance but face bearish pressure and closed back down and 200MA has yet to be tested.
On the H4, price closed back below all the MAs. With H1 Stochastic at resistance, we could expect price to face bearish pressure from the 23.6% resistance + descending trendline at around 74.60.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price have retested the 23.6% resistance but face bearish pressure and closed back down and 200MA has yet to be tested.
On the H4, price closed back below all the MAs. With H1 Stochastic at resistance, we could expect price to face bearish pressure from the 23.6% resistance + descending trendline at around 74.60.
This is for personal record purposes only, not financial advise or solicitation of trade.