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.
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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.
