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Published on 10/12/2019 10:26:05 AM | Source: LKP Securities Ltd

Strong support are placed at 71.10-70.90. 71.50-71.70 - LKP Securities

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

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USDINR

* On The daily chart USDINR Fut closed weak yesterday, prices have been taking resistance near 71.70. Strong support are placed at 71.10-70.90. 71.50-71.70 keeps acting as supply points.

* Overall prices can be in range of 71.10-71.70. On the downside 70.95-71.10 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 looks it can be in a range of 71.05-71.38 below 71.05 fresh short can be seen towards 70.90 & above 71.38 rally towards 71.60 can be seen.

 

USDINR FUT CHART

 

Dollar Index Chart

 

 

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