USD-INR, have achieved the projected Target of 83! Which was shared on 29th,AUGUST! NEXT Target is 85, which also should come! But the intresting part is, there is still plenty to do in long term!
Whether that’s 91 or 97, that we would figure out going forward! 85 is a level: where it should go for consolidation for few weeks, or couple of months! Because around 85, (USD-INR) will complete 1 rotation!
This really has been a TRADE of the YEAR! From 75 to 83, it has been an easy long trade! Which is still going on! It will continue to pause at some point, but eventually will continue to inch higher! No case for reversal!
Coming to (DXY) now: it has been under some consolidation, which was needed, but now its TIME that (DXY) also breaks it’s high of 114.78 and move higher towards 116-117! In near term! Which will have not so good implications!
I posted this earlier as well, the manner in which DXY is moving higher it certainly will re-shape FINANCIAL MARKETS! Something is certainly about to break, not sure what? This CYCLE also is finding its VICTIM! Let’s see, what happens!
