USDINR July fut. took support at 81.70, the 61.8% of Fibonacci retracement - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/bfafefb8eea2fe3715ad5dfbd2b9c0da.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
USDINR
Technical Observations:
* USDINR July fut. took support at 81.70, the 61.8% of Fibonacci retracement.
* It has resistance at 82.27, the 21 days exponential moving average.
* Broadly, the pair has been oscillating between 83 to 81.50 since February.
* Momentum Oscillator, RSI of the 14 days is placed below 50 and exhibiting weakness.
* MACD is positioned below the zero line with a negative cross-over.
* The rise in prices and fall in open interest has been observed, signifying short covering.
* The pair is expected to trade lower within the range of 81.70 to 82.10. However, the bias remains bearish as long as it trades below 82.25.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/HAL57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/bajajauto57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock 123456.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold Jewellery.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mutual Fund 21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Utkarsh Small Finance Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate sector_856.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Banking Sector.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coocker57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IDBI Bank 1.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)