USD / INR Analysis

USD / INR Analysis. As on Thurs 4 March 2021. CMP 72.93. Posted at 11:15 am.

On 25 Feb, when price was 72.40, our call for a reversal was apt "Price should rapidly make it's way above 74 under this count."

1 day later, on Feb 26, price made a high of 74.05.

But since then USD / INR has corrected to below 73.

72.25 is clearly to be used as a risk management level.

Price should rally in a 3rd wave to above 74.10 and eventually complete a wave X at above 75.