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Published on 11/12/2019 10:10:24 AM | Source: LKP Securities Ltd

Overall prices can be in range of 70.90-71.50 - 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 71.50. Support are placed at 70.90-70.70. 71.30-71.50 WILL keep acting as supply points.

* Overall prices can be in range of 70.90-71.50 (a range between 20,50,&100EMA). On the downside 70.95- 70.70 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 70.94-71.14 below 70.93 fresh short can be seen towards 70.85 & above 71.15 rally towards 71.25 can be seen.

USDINR FUT CHART

 

Dollar Index Chart

 

 

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