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Published on 20/12/2019 9:55:08 AM | Source: LKP Securities Ltd

On the downside 70.95-70.70 shall act as base support level - LKP Securities

Posted in Currency Report| #Currency Tips #LKP Securities Ltd

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USDINR

* On The daily chart USDINR Fut closed flat and gave a spinning top candle pattern showing signs of exhaustion and range moves near 71.10-71.25, prices have been taking support near 70.70. Support are placed at 70.90-70.70. 71.30-71.50 will keep acting as supply points.

* Overall prices can be in range of 70.70-71.50. On the downside 70.95-70.70 shall act as base support level, which can act as buying opportunities.

* Technical Indicator MACD is showing signs of trend to be range bound, For the day it can be in a range of 70.95-71.27 below 70.94 fresh short can be seen towards 70.80 & above 71.27 rally towards 71.42 can be seen.

 

USDINR FUT CHART

 

Dollar Index Chart

 

 

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