Title	Download
Dealmoney - Commodity Daily - 27-Jan-20	Download pdf

USDINR

• USDINR after testing recent low of 70.80 is trying to consolidate around these levels

• Price from last few sessions is moving up and retracing previous fall

• Pair broke range on up side and steadily moving forward

• In this up trend USD has formed rising wedge pattern which is bearish and looks vulnerable for fall

• If pair is not able to sustain above 71.40 levels then we could see strong down side move towards 71.00 levels in intraday