USDINR July fut. has horizontal trend line support at 81.60 - HDFC Securities
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Technical Observations:
* USDINR July fut. has horizontal trend line support at 81.60 and downward slopping trendline resistance around 82.35.
* The pair has given cross-over to short-term moving averages. The 10DEMa is above to give an upward cross-over to 21 DEMA.
* Momentum Oscillator, RSI of 14 days, swung upward and heading north.
* MACD gave a positive cross-over to MACD average and heading higher indicating a positive trend.
* Long buildup has been seen as the price and the open interest rise. USDINR July is expected to trade positive with resistance at 82.60 and support at 82.10.
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