Long
USDINR : Buy
Updated
USDINR is looking positive on daily chart. 5 DEMA has crossed 13 DEMA to upside. RSI is also in control and moving upward. It is trading in parallel channel. Resistance of parallel channel is placed somewhere near the 70.50-70.60. It is well supported by 38.2% retracement level of entire fall from from 74.52 to 68.30 which is 70.68. It is expected to move upward towards 70.50-70.60 as long as holds 69.50 on closing basis.
Trade closed: target reached
Reached 70.60
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