USDINR December futures expected to open flat, but direction remains north. It has been trading - HDFC Securities
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USDINR December futures expected to open flat, but direction remains north. It has been trading - HDFC Securities
USDINR
Technical Observations:
USDINR December futures expected to open flat, but direction remains north. It has been trading in rising channel since mid November.
The pair has been trending with upper band of the Bollinger band, considered at bullish trend.
It has support at 75.32, the 21 days exponential moving average, and resistance at 76.26, the high of October month.
Momentum oscillator, RSI about to enter in overbought zone indicating positive momentum for the pair.
Directional Movement Index also placed well supporting the bulls.
USDINR December futures expected to trade higher in today’s trade with intraday resistance at 76.05 and support at 75.70.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
