Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-03-2016
Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-03-2016
MTECHTIPS :- Usd inr future this week closed with loss. On recovering rupee and weak dollar, we seen profit booking in usd inr future. My 67.95 target achieved and now usd inr pair heading towards second target of 67.15. Which can be expect in next 1 to 2 weeks period. After last 3 weeks gains rupee closed with strong gains and wiped out all three weeks gain in single weeks gain. On upside 67.95 remain as strong resistance and below it strategy will remain sell on rise. Below 67.15 we can expect stronger rupee and more downside for usd inr future. Below 67.15 next major supports as well as targets are 66.5 and 65.75.
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