USD/INR Trade Idea: Technical Setup at Key Weekly Level

**Pair/Symbol:** USD/INR USD/INR is approaching the 84.20–84.30 weekly resistance level — a zone that has acted as resistance three times over the past two months. With the RBI likely to intervene if USD/INR breaks above 84.50, the risk/reward for a short trade looks favorable. Additionally, FII flows into Indian equities have been positive this week — a tailwind for INR strength. **Entry:** 84.22 (short on 15m rejection at weekly resistance) **Stop Loss:** 84.45 (above RBI intervention zone) **Take Profit 1:** 84.00 (psychological support) **Take Profit 2:** 83.75 (previous swing low) **Risk/Reward:** 1:1 to TP1, 1:2 to TP2 Note: Trade in USD/INR futures on NSE, minimum 1 lot ($1,000 nominal). Key risk: If the US dollar strengthens broadly overnight on macro news, USD/INR could gap up above the resistance level. Are you watching USD/INR this week?