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Published on 3/06/2020 10:50:04 AM | Source: LKP Securities Ltd

On The daily chart USDINR Fut traded weak and closed weaker ended red - LKP Securities

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

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USDINR

* On The daily chart USDINR Fut traded weak and closed weaker ended red. Overall prices are in range momentum with range between 75.00- 76.20. Every-time the prices scale near 76 there seems to be some selling being witnessed, given some corrections from overbought levels, overall supports are placed at 75.30-75.00. 75.85-76.10 will act as resistance points.

* DMA 20,50,100 is showing sideways trend & technical Indicator MACD is showing signs of trend to be in range, prices have again touched important level 50DMA (75.33) support strongly. If the prices start trading below 50DMA further correction can be on cards. For the day it can be in range of 75.09-75.70. Below 75.09 shorts can be seen towards 74.85 & above 75.70 rally towards 76.05.

 

USDINR FUT CHART

 

 

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