Be Cautious Short USDINR

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
One can short USDINR with the target of 68.50 or near by levels. With an SL of 70.05
If it breaks the SL, then the trend is us bullish in USDINR with the upper targets of 70.20 & 70.60 levels.
Currently it is at the point from where if it breached then expect either a new high or new low. Though the probability of new lows are high. So, be cautious.


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