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Published on 5/11/2019 10:25:36 AM | Source: LKP Securities Ltd

On upside prices need to scale above 71.25 for further escalation, 71.20- 71.35 - LKP Securities

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

USDINR

* On The daily chart USDINR closed just below imp moving average 50EMA (71.00). If prices scale below 70.90 on closing basis some weakness further will be seen.

* On upside prices need to scale above 71.25 for further escalation, 71.20- 71.35 acts as resistance zone.

* Technical Indicator MACD is showing signs of trend to be flat to weak, For the day it looks it can be in a range of 70.75 – 71.05.

 

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