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Published on 6/12/2019 9:58:18 AM | Source: LKP Securities Ltd

Overall on prices can be in range of 71.30-71.70. On the downside 71.25-71.10 - 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 support near 71.70. Strong support are placed at 71.40-71.30. 72.05-72.25 keeps acting as supply points.

* Overall on prices can be in range of 71.30-71.70. 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 range bound, For the day it looks it can be in a range of 71.30-71.70 below 71.30 fresh short can be seen towards 71.15 & above 71.70 rally towards 71.95 can be seen.

 

USDINR FUT CHART

 

Dollar Index Chart

 

 

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