Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term The current position isBUY .Positionally Support for USDINR is 53.39-53.19-53.15-53-.Resistance for the USDINR is 54.54-54.98-55.29-
Intraday Trend- Sell if open below 54.047 or sell below 53.903 with stop loss at 54.553 Buy if open above 54.553 or buy above 54.698 with stop loss at 54.047
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Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR has formed a high yesterday but failed to keep the trend so if buying has to considered better above54.698 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signalIntraday Trend- Sell if open below 54.047 or sell below 53.903 with stop loss at 54.553 Buy if open above 54.553 or buy above 54.698 with stop loss at 54.047
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