USDINR July fut. faced retracement at 82.27, the 21 days exponential moving average. - HDFC Securities
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USDINR
Technical Observations:
USDINR July fut. faced retracement at 82.27, the 21 days exponential moving average.
It has been trading between 82.30 to 82 for the past three days.
The pair has far support at 81.74 and resistance at 82.90.
Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting signs of weakness.
MACD is positioned slightly below the zero line.
The decline in prices and rise in open interest have been observed, signifying a short buildup.
The pair is expected to trade between 82 to 82.30 in the near term.
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