USDINR July is expected to trade positive with resistance at 82.85 and support at 82.30 - HDFC Securities
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USDINR
Technical Observations:
* USDINR July fut. has horizontal trend line support at 81.70 and downward slopping trendline resistance around 82.80.
* The pair has been placed well above major moving averages. The 10DEMA is about to give an upward cross-over to 21 DEMA.
* Momentum Oscillator, RSI of 14 days, is heading north indicating continuation of a positive momentum.
* MACD gave a positive cross-over to the MACD average and headed higher indicating a bullish trend.
* Short covering has been seen as the price gained while the open interest declined.
* USDINR July is expected to trade positive with resistance at 82.85 and support at 82.30.
USDINR July Futures Daily Chart
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