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Published on 18/03/2020 10:32:22 AM | Source: LKP Securities Ltd

Overall prices are in trending momentum with bias towards positive - LKP Securities

Posted in Top Stories| #Currency Tips #LKP Securities Ltd

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USDINR

* On The daily chart USDINR Fut closed positive after flat opening. Overall prices are in trending momentum with bias towards positive for USDINR pair, but the pattern has shown some weakness at higher level hence some profit booking looks on cards at higher levels. Thus overall supports are placed at 73.85-73.55. 74.55- 74.85 will act as supply points.

* DMA 20,50,100 & Technical Indicator MACD is showing signs of trend to be positive, RSI is indicating overbought levels. Hence some profit booking can be on cards. For the day it can be in range of 74.13-74.62 below 74.13 shorts can be seen towards 73.85 & above 74.62 rally towards 74.80.

 

USDINR FUT CHART

 

Dollar Index Chart

 

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