USDINR - Is at Support and Below 86.5 is good to buy

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USDINR upside is slowed down !!! due to Gold rise in global market and weak US Dollar. In chart few times support has come for usdinr at and below 86.5 levels which I think will be good support since Gold rise could see some consolidation from today. No one asking why US Govt not yet auditing its Gold reserve which they keep commenting no door and windows to their safe houses etc etc and this world still believes such empty statements only for a point gold was never audited. Its Bull trap in Gold right now. FIIs not entering India again in big way yet. I do not see any major US Dollar Inflows into India right now. People still moving to china market or at least preferred by few or several big players. I do not have or analyzed Bond market which is linked to moves of stock market. Any surprise move from BOJ or US Fed could change this view to some extent.

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