Dollar is Strongly strengthening 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 Dollar is in HOLD LONG position.Positionally Support for USDINR is 54.77-54.69-54.53-54.39-54.02-53.84-53.41-. Immediate resistance for USDINR is 55.62
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Buy only above 55.525 with a stop at 54.934 Better go for Sell below 54.811 or sell if open below 54.934
In long term Dollar is relatively strengthening against Euro- Pound-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is in side ways and sellers at high so for short term better buy above 55.4 with stop at 54.81 The next resistance will be at 55.4 The oscillator is showing SELL signalIntraday Trend- Buy only above 55.525 with a stop at 54.934 Better go for Sell below 54.811 or sell if open below 54.934
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