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USDINR Weekly Expected Movement 2023 - forexblues.com

Hello Everyone.
Hope you all are doing good!

Today we will discuss about the weekly forecast of USDINR from 10.04.23 to 14.04.23 quickly.

On Monday, the dollar index strengthened above 102. According to the datas released last week, including jobless claims, ISM PMIs, and other indicators, the US economy is still expected to experience difficulties.

The dollar is currently at 81.90, and we'll discuss  about the USDINR's weekly trend.








Looking at the chart, we can see that the dollar is holding steady at the 81.70/75 level and there  is a strong support. Therefore, it will likely rebound from here, we wll observe a trend reversal and it will face resistance at  82.20 and R2 82.50/60  as per technicals. 

Hope you found this short article helpful.


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Forexblues.com

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