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what had I said about USD/INR index on 2nd Feb @00:49 AM (5:30+ GMT)? click here…
I had said, “If USD/INR index breakout/ close above the 66.705 level, then you will see 66.830-66.924-66.955-67.004 levels.”
The first target achieved USD/INR touch 66.830 level.
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USD/INR will come back below 66.605- 66.567-66.534 levels.USD/INR resistance found at 66.705 level for day traders. The technical structure suggests that the current underlying move is a bearish consolidation.
If USD/INR index breakout/ close above the 66.705 level, then you will see 66.830-66.924-66.955-67.004 levels.
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Crucial level: 1.5487
Once GBPUSD pair closes below the crucial level then it will touch 1.5443-1.5361-1.5237 levels and if it stays above the crucial level then we will see 1.5626-1.5726+ levels.
Hurdle: 120.2 level
Whatever last trading session performance or moves of USDJPY pair, but it’s looking weak until break and close above the hurdle.
By that means if it crosses over the hurdle then we will see non-stop up rides, and it’ll hit 120.4-120.6-120.8+ levels
So now smart traders know what to do with it!
And I’ll explain about upcoming downtrend information to subscribers soon!
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USDINR will not stop going down. Yes, it may start moving up whenever it closes above 65.9 level. So buyers may wait for that level, but sellers should keep selling until it touches 65.3862 to 65.1389 levels.
Remember, last target 65.1389 level is solid support of USDINR pair.
United States dollar is looking weak against Indian rupees for today, so speculators’ may keep selling it. Hurdle: 66.30 and selling pressure will come on 66.2450 level.
Targets: 66.1170-66.750
Hurdle is intact so if that crossover or close above the hurdle means uptrend will being and also if USDINR pair close below 66.0560 then we will see 65.9790-65.9200
Indian rupees are lookup strong against UK Great Britain pound.
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JPY vs. INR is totally weak and currency traders for very good opportunity. Go and sell it without any worry.
Short term target: 51.9
USD vs. INR forex pair is looking weak and in this upcoming 1 week it will hit 61.6 level.
Short term traders for Hurdle: 62.2 level
We’re expecting big bloodbath!
Targets: 60.2 – 59.9 – 59.7 below
Resistance: 61.1
Long term target: 59
JPYINR, EURINR and GBPINR are also looking weak but for more information, subscribe to our free newsletter services. Our service is free for all.