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USDINR November futures formed Doji candlestick pattern at 20 days - HDFC Securities 

USDINR

Technical Observations:

USDINR November futures formed Doji candlestick pattern at 20 days simple moving average considered at indecisiveness.

The pair is also having strong resistance at 74.67, the 50 days simple moving average and expected to hold support around 74, recent swing low.

Momentum oscillator, Relative Strength Index of 14 days period has been placed below 50 indicating consolidation.

MACD line has been placed below zero line and average indicating weak trend.

Volumes were relatively lower following global cues

USDINR November futures expected to trade in the range of 74 to 74.80 in next couple of days`

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