Daily chart of USDINR
Upper line of the channel connects high of Aug2019 and high of Jan2020
Lower line of the channel rejects further fall when lower RSI
Current rising trend since Middle of Jan2020, from lower line of channel , can sustain as long price stay above Blue color trend line.
For break-out from the last 6 months higher price action, it face strong resistance at Upper line of the channel , which also coincide with R1 of Jan2020.
Upper line of the channel connects high of Aug2019 and high of Jan2020
Lower line of the channel rejects further fall when lower RSI
Current rising trend since Middle of Jan2020, from lower line of channel , can sustain as long price stay above Blue color trend line.
For break-out from the last 6 months higher price action, it face strong resistance at Upper line of the channel , which also coincide with R1 of Jan2020.