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USDINR 

Technical Observations:

* USDINR July fut. has support at 82.38 and 82.32, the 10 and 20 DEMA respectively. On the higher side, it encounters resistance between 82.90 to 83.

* A Doji Candle stick pattern was observed on Tuesday, indicating a state of indecisiveness.

* Momentum Oscillator, RSI of the 14- day period is hovering above 50 but exhibiting signs of weakness.

* MACD is positioned above the zero line and heading higher, suggesting a positive trend.

* The decline in price and open interest has been observed, signifying long unwinding.

* The pair is expected to consolidate between 82.30 to 82.60.

USDINR July Futures Daily Chart

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