USDINR opened with downward gap and remained extreme volatile throughout the session - Axis Securities
USDINR
USDINR opened with downward gap and remained extreme volatile throughout the session. USDINR closed at 74.9625 with a loss of 0.09 %. On the daily chart USDINR has formed a small bearish candle carrying upper shadow indicating resistance at higher levels. USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. USDINR is sustaining above its 20 day SMA which signals bullish sentiments in near term For the day if USDINR trade and sustains above 75.20 levels then it may move further upward towards 75.35-75.45 levels. On the downside an immediate intraday support is around 74.85 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength
EURINR
EURINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. EURINR closed at 84.79 with a gain of 0.27 %. On the daily chart EURINR has formed a sizable bullish candle forming higher Highlow compare to previous session indicating positive bias EURINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. EURINR is sustaining above its 20 day SMA which signals bullish sentiments in near term For the day if EURINR trade and sustains above 84.86 levels then it may move further upward towards 85-85.10 levels. On the downside an immediate intraday support is around 84.40 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength
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