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Published on 15/11/2019 10:30:07 AM | Source: LKP Securities Ltd

On upside prices can scale in bullish trend escalation, till the time above 71.20 - LKP Securities

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

USDINR

* On The daily chart USDINR closed slightly weak trimming some gains of past few days. Prices have closed near 72.00 spinning top patter at higher levels indicating some profit booking can be seen if prices start trading below yesterdays low of 71.93. Going ahead 72.20-72.45 shall act as supply points.

* On upside prices can scale in bullish trend escalation, till the time above 71.20. On the downside 71.25-71.10 shall act as base support level, which shall act as buying opportunities.

* Technical Indicator MACD is showing signs of trend to be flat to positive, For the day it looks it can be in a range of 71.90-72.20 below 71.90 more profit booking can be seen towards 71.70

 

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