Indian Rupee Technical Analysis Today: USDINR Bounce From 110 to 110.5 Plays Out, What Comes Next for the Rupee Price Prediction
INR Price Prediction via the Following Technical Analysis Video
In today’s Indian Rupee technical analysis, we revisit the USDINR 4 hour chart after last week’s prediction. The Indian rupee futures moved exactly into our forecasted range and touched the trend line right on the tick. As expected, price reversed from the 110 to 110.5 support zone, giving us the bounce we highlighted ahead of time. However, the bulls are not out of the woods yet.
What we are seeing so far may still be only a leg up inside a broader potential reversal structure, not a confirmed V style reversal. Bigger reversals usually take shape through a trading range, not a straight line recovery. At the moment, we appear to be inside the next leg down within that range structure, and we continue to track the same key levels between 110 and 110.5 on the Indian rupee USD futures.
In the video below, I walk through the latest 4 hour price action, trend line structure, and what needs to happen next for a clearer directional move. Stay tuned with investingLive for ongoing rupee analysis, futures updates, and trade ideas across global markets.
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