From last few trading sessions The US Dollar – Indian Rupee is moving between the resistance 63.53 and the Support 61.05 as I mentioned in the above chart. Now here we can clearly looking that it’ll touch the resistance again. if USDINR break 63.53 level then it will kiss 64.00 – 64.29 otherwise move downwardly and hit 62.48 – 61.89 – 61.56 levels.
For Short term Traders:
One more free fall is looking on the way at 1.3309 level because it will easily break 1.3250 – 1.3200. Remember, EURUSD hurdle is 1.3405 and if cross my hurdle then we look at 1.3547.