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 . Cautious point is buying at higer levels seems decreasing. 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 is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 54.47-53.98-53.85-53.51-53.22-53.11-.Resistance for the USDINR is 55.24-
In medium term Dollar is relatively strengthening against Euro- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Intraday Trend- Buy above 55.219 and keep stop below 54.527 Target is 55.456 next 55.849 Below 54.291 trend reversal can occur and next level is 53.9
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In medium term Dollar is relatively strengthening against Euro- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Short term and Intraday Level of Dollar with Rupee
USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 55.219 or hold with stop at 53.83 The next resistance will be at 54.94 The oscillator is showing SELL signalIntraday Trend- Buy above 55.219 and keep stop below 54.527 Target is 55.456 next 55.849 Below 54.291 trend reversal can occur and next level is 53.9
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