Yesterday USD- INR June series opened at 47.4775 & went up to 47.8750 to mark the high of the day. It then continued to decline to make the low of the day at 47.4200 & finally closed the day at 47.8625.We see 48.20-48.40 as resistance & 46.80-46.60 as support for the day.  However the last corrective pattern which we were expecting to be flat may also terminate in the triangle formation. If this happens then we will have added confirmation that after a one more new low below 46.80, USD may appreciate substantially on upside.