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Usd/Inr Bullish Towards 51/52 Area


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Nov 16

Pair Usd/Inr is clearly in bullish mode, identified by higher highs and higher lows. In fact we can see a nice impulsive structure since late July already, and from the most recent 48.50 swing low as well. We see no reason why trend would change here, so its better to stay with a trend, and any pull-back from the highs will be considered as a corrective move and buying opportunity, while pair trades above support line of a trading channel, but more importantly above 48.51 critical support!

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