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Abhijit_Paul
Nov 23, 2017 8:40 AM

USDINR - At Short Term Supports  

Description

USDINR face fine support within (64.70-64.80) and a multiple time test of this range sees a clear divergence with the MACD indicator. On the higher time frames, momentum indicators too have created a divergences which suggest that the Dollar will try to appreciate from current prices. However we should wait for a confirmed break above 64.90 for further upsides from the pair.
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