Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 in SELL position.Positionally Support for USDINR is 53.83-53.68-.Resistance for the USDINR is 54.74-55.03-55.1-55.31-55.32-
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Sell if open below 53.917 with stop loss at 54.669 or sell below 53.65Buy is not advised till it cross 54.937
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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 sell mode sell below 53.917 buy only above 55.4525 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signalIntraday Trend- Sell if open below 53.917 with stop loss at 54.669 or sell below 53.65Buy is not advised till it cross 54.937
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