Technical Analysis of the US Dollar to Pakistani Rupee Exchange Rate. The way the Pakistani Rupee performs in relation to the US Dollar is a measure of both the dynamics of the global market and the stability of the economy, even in the complex realm of foreign exchange.
Weekly for PKR is as follows, we have a huge range between 307.2 to 275.4 between these ranges you can see FIBB retracement for level guidance until there is a range break. A close above or below the FIBB level in the range may predict a move in that direction.
Daily chart doesn’t seem to be exciting either until there is a close above 0.618 level which is currently at 295.2 approximately. Until the the range stays the same along with FIBB level as can be seen in the given chart.
