USDINR November futures has support at 74.90 and resistance at 75.30 - HDFC Securities
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USDINR November futures has support at 74.90 and resistance at 75.30 - HDFC Securities
USDINR
Technical Observations:
USDINR November futures formed second Doji candlestick pattern on daily chart indicating indecisiveness. The pair unable to cross Thursday’s high of 75.29.
Momentum oscillator, relative strength index of 14 days flatten but placed above 50 indicating bullishness.
Volumes remain steady while price actions were missing in last two days.
USDINR November futures has support at 74.90 and resistance at 75.30. The pair is expected to trade in said range in next couple of days.
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