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Friday, 23 November 2012

Forex News for 24-11-2012

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 54.95-54.69-54.66-54.38-54.21-53.82-53.46-. Immediate resistance for USDINR is 55.84
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 has crossed the high so for short term better buy above 55.822 with stop at 54.81 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy above 55.822 and keep stop below 55.353 Target is 55.946 next 56.15 Below 55.23 trend reversal can occur and next level is 55.026

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