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 JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 54.44-54.11-53.94-53.84-53.3-53.26-.Resistance for the USDINR is 55.2-
In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Intraday Trend- Buy above 55.089 and keep stop below 54.586 Target is 55.232 next 55.468 Below 54.444 trend reversal can occur and next level is 54.209
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In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is again back in uptrend so hold with stop at 54.389 The oscillator is showing SELL signalIntraday Trend- Buy above 55.089 and keep stop below 54.586 Target is 55.232 next 55.468 Below 54.444 trend reversal can occur and next level is 54.209
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8878998885, 0731-6461777
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