USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average. - HDFC Securities
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USDINR
Technical Observations:
* USDINR July fut. facing resistance at 82.27, the 21 days exponential moving average.
* It has been trading between 82.30 to 82 over the past five 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 consolidation.
* MACD is positioned slightly below the zero line.
* The rise in prices and decline in open interest has been observed, signifying a short covering.
* The pair is expected to trade between 82 to 82.30 in the near term.
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