Home ForexUpdate on USD/INR – 18-Dec-2014
Update on USD/INR – 18-Dec-2014

Update on USD/INR – 18-Dec-2014

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Update on USD/INR - 19-Dec-2014
Update on USD/INR - 17-Dec-2014

Hi all,
After the FOMC meetings, market looks bearish in the morning. USD/INR opened at 63.58 and went down upto 63.3275 as of now and CMP is 63.3500
The FOMC meeting outcome looks ‘mixed’ in nature and moreover it was expected by the market.

Now coming to technical analysis,
USD/INR strong support is at 63.1150.
Small resistance is at 63.5950.

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Wayanad.co.in Admin
5 years ago

HI all,
The pair USD/INR showed some weakness today as the Dayhigh was same as today’s opening, 63.58
Also the Daylow is same as closing LTP, 63.24

The Bulls were unable to break resistance at 63.5950.

KIRAN KUNDALIA
KIRAN KUNDALIA
5 years ago

Hello Sir,
whats ur current direction for the USDINR ?
For delivery purpose, should I be in buy or sell position ?

Pls adv…

Wayanad.co.in Admin
5 years ago
Reply to  KIRAN KUNDALIA

Hi, i have written the support and resistance. Only if the resistance is broken, we have next resistance at 63.73

If both broken and touched 63.90s today, the current month high of 64.0975 will break.

But i dont expect such big movements today which reduces the chance for a bullish rally.

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