USDINR futures are trading with mixed signs as prices - HDFC Securities
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USDINR futures are trading with mixed signs as prices - HDFC Securities
USDINR
Technical Observations:
USDINR futures are trading with mixed signs as prices witnessed strong rebound from support at 61.8% retracement levels. The pair is also holding resistance at 38.2% retracement at 74.60 mark keeping the narrow trading range.
Momentum Oscillator, RSI is still trading below 50 mark showing down trend. However DMI is sending mixed signals awaiting range break.
USDINR November futures may trade with bearish bias with support at 74.10 and resistance at 75.90.
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