October 25, 2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-09-2016

MTECHTIPS USDINR traded in between 66.70-66.80 small range and settled at 66.7750 levels.  Near term trend expect to remain bearish in the pair following to breakdown of falling wedge on the EOD chart. On the upside, strong resistance is seen at 67.25 on closing basis and sustain trade above only will expect to test 67.65.In Near term, every rise towards 67.00-67.10 may give opportunity to sell USDINR with stop loss 67.25. Target would be 66.85-66.65.




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