The pair is expected to consolidate between 82.30 to 82.60 - HDFC Securities
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
