Published on 30/10/2019 10:58:51 AM | Source: LKP Securities Ltd
USDINR
* On The daily chart USDINR closed just below imp moving averages 50EMA (71.05) If prices break below & keep trading below 70.90 in further sessions 100EMA (70.40) can be tested.
* On upside prices need to scale above 71.25 for further escalation, 71.20- 71.25 acts as resistance zone.
* Technical Indicator MACD is showing signs of trend to be sideways, For the day it looks it can be in a range of 70.90 – 71.18
* 70.30 acts as major trend changer.
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