Published on 19/11/2019 11:02:44 AM | Source: LKP Securities Ltd

On The daily chart USDINR closed flat to positive - LKP Securities

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

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* On The daily chart USDINR closed flat to positive but bounced strongly from intraday lows taking support of 71.71. Giving signs of overall trend to continue on upside Going ahead 72.20-72.45 shall act as supply points.

* Overall 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 71.85-72.20 below 71.70 more profit booking can be seen towards 71.50


USDINR FUT CHART Dollar Index Chart


Dollar Index Chart


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