INFIforex_CurrencyDRIVE

USD INR Currency Drive By INFI FOREX

Short
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
USD / INR spot @ 64.90 from last one month pair is ranging from 64.80-65.20-30, ones in a mid of month on 13th march market break 64.80, but unable to sustain below that, and keep in range 64.80-65.30, now market is potentially trying to form double top , now as it’s break 64.82-80, and test again, it would be confirm, for the target of 64. 40 .
Strategy: for the traders can go for short @ 64.84-82, for the target of 64. 40 , will also get premium.
Strategy for Business:
Exporters: Suggest to hedge @ 64.90 30% of their exposer, and 64.80 balance 40% of their 1 to 1½ month exposer, And balance open.
Importers: No need to hedge @ this levels, go open till the 64. 40 @ 64. 40 , hedge at least 50% exposer. And remain open till next move.
Currency Drive By INFI FOREX
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