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 HOLD SHORT position.Positionally Support for USDINR is 54.28-53.86-53.73-.Resistance for the USDINR is 55.01-55.14-55.16-55.27-
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Buy above 54.951 and keep stop below 54.425 Target is 55.105 next 55.36 Below 54.271 trend reversal can occur and next level is 54.017
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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 showing Up momentum So buy above 54.762 with stop at 54.2175 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing BUY signalIntraday Trend- Buy above 54.951 and keep stop below 54.425 Target is 55.105 next 55.36 Below 54.271 trend reversal can occur and next level is 54.017
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8878998885, 0731-6461777
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