Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-10-2016
MTECHTIPS Dollar/Rupee Sell around 67.00-67.10 Target 66.75-66.52. Stop loss above 67.25Or else Closing above 67.25 will expect to test 67.45-67.65.Dollar/rupee had a neutral trade for third consecutive week and settled with minor loss of 0.06% at 66.81 compare to previous week close of 66.85 levels. The domestic economic data stood quite favorable that provided some support to the Rupee. However, the Fed rate sentiment after the FOMC meeting minutes, US Presidential elections, slowdown in China, extend of quantitative easing by major central banks have added somewhat uncertainties.