IGI Logo

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.

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