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 .. 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 55.1-54.92-54.63-54.43-54.37-53.83-53.52-. Immediate resistance for USDINR is 56.19
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Buy is advised above 55.992 with a stop at 55.543 Below 55.468 go for sell
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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 moving sideways so short term investor better to buy only above 55.97 with stop at 55.0325 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- Buy is advised above 55.992 with a stop at 55.543 Below 55.468 go for sell
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