📌 USDINR Wave 5 Update | Elliott Wave Analysis | 8 Dec 2025

 

🧠 Wave Structure

USDINR is currently progressing inside a clean Elliott Wave 5 advance.
Price remains strongly supported inside a rising parallel channel and continues respecting the trend structure.

Wave progression so far:

• Wave 1 – Completed near ₹88.80

• Wave 2 – Corrective low near ₹87.60

• Wave 3 – Impulsive breakout towards ₹90.10

• Wave 4 – Healthy retracement holding channel mid-line near ₹89.20

• Wave 5 in progress, moving toward target zone

---

🎯 Wave 5 Target Zones

Target Zone	Levels
Primary Wave-5 Target Zone	₹91.30 – ₹92.40
Extended Wave-5 Targets	₹94.55 / ₹96.91 / ₹98.43
Long-Term Channel Top Projection	₹96.50 – ₹98.43

---

📍 Support Levels

• ₹90.10 / ₹89.20 – Immediate support

• ₹87.60 / ₹85.20 – Major trend support

• Trend remains bullish above: ₹89.20

---

📊 RSI

• RSI showing bullish structure and remains above support band

• No major bearish divergence yet → trend continuation likely

---

🔥 Trade Plan (Educational Purpose Only)

Long positions valid above ₹90.75

• Stop-loss: ₹89.80

• Target-1: ₹91.30

• Target-2: ₹92.40

• Extended: ₹94.50 / ₹96.90 / ₹98.40

Bearish invalidation: Close below ₹89.20

---

💡 Summary

USDINR is in a clean Wave-5 breakout structure, supported by strong channel momentum.
Price is expected to climb toward 91.30 – 92.40 first, with potential extension toward 96.50 – 98.40 if global USD strength continues and domestic liquidity supports.