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USDINR Upcoming Movement 2021 | Dollar to Rupee Future Forecast | Forexblues.com |

 Hello, 

Good morning friends. This is Manish over here from Forexblues.com, save money earn money. Let's move on to the USDINR chart directly to see the upcoming movement of dollar.

Right now, we can see USDINR is at 75+ level & is sustaining at the same from the last 5-6 days since 6th April. So, by analyzing the closer view of the USDINR chart , we can see that, in the last month i.e. on 24th of February, Dollar has plunged to 74.00 from 72.60 level having sustained for  two days only  following a fall right after the depreciation. Similarly, in the current scenario, we can expect the dollar to be soon ready for a downfall.

In the technical terms the different indicators like RSI is hovering over 85 level and also we can see the cross section in the hull moving average (9,26) in 4 hours technical chart indicating the weakening of the strength in the upside momentum. All other tools like MACD, Stochastic RSI are over-stretched ready to fall soon.


Now, only the time will say how much the COVID-19 fear will impact the market. Although we know the sentiments as Sensex, Nifty & Bank Nifty has fallen down drastically on Monday.

The next level in USDINR would be 74.00 and below only leaving on time to watch-out further.

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