Dollar to Rupee Future Forecast

Hello everyone, Hope you are doing good! Today we will be discussing the USDINR expected movement in the coming weeks. We can see Dollar has made a Triple top at 80.06 levels on 14th july, 18th july and on 21st July as represented in charts and we expect dollar to cool down to S1 at 79.30 and S2 at 78.95 levels in the near term. MACD has a downtrend signal from 28th of July and making a cut at -0.0027 level and is showing weakness.  RBI is also controlling Dollar once it reached 80 levels as the trade deficit has widened in the recent times. RBI has sold nearly 50 Billion Dollar in the past 6 months which currently stands near 572 Billion Dollar. 4 hours chart RSI is at 22.79 levels so we can expect a bounce back to R1 levels as per the chart in the next week, however, weakness would be there in the coming days. Dollar would be taking support at S1 level at 79.30 and if this support breaks can move towards S2 level at 78.95. Thanks.