USDINR Final Run

It is in the final run of the third Elliott wave (Intermediate term) in a weekly chart. And at the top end of 6 years channel lines. Weekly closing below 59.90 will confirm it's top. Fourth wave will be downward trending. Rupee may consolidate between 60 to 57 in coming months.

 In Elliott wave daily chart (short term) also it is in third wave. And at the top end of 11 months channel lines. Trade short on rise with stop loss of high (60.76 Spot) for target of 59.80, 59.10 and 58.10 in coming weeks.