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 .. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is inHOLD LONG position.Positionally Support for USDINR is 54.34-53.81-53.57-.Resistance for the USDINR is 54.96-55.04-55.37-55.5-
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Sell if open below 54.352 with stop loss at 54.863 or sell below 54.206Buy is not advised till it cross 55.01.
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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 SHORT position USDINR is in sideways but the trend looks weak so better buy above 55.97 or hold with stop at 54.565 The oscillator is showing SELL signalIntraday Trend- Sell if open below 54.352 with stop loss at 54.863 or sell below 54.206Buy is not advised till it cross 55.01.
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