THE PAIR EXPIRED ON A VERY POSITIVE NOTE DURING LAST EXPIRY AS THE ROLL OVER PREMIUMS HAD RISEN TO AS MUCH AS 0.4 PAISA. NOW THE PAIR HAS A VERY STRONG SUPPORT AROUND 54.70 AREA AND NOW IT IS TRADING ABOVE RS.55 MARK. LAST CLOSE IS 55.1025 AND NOW NEXT RESISTANCE IS AROUND 55.44. THE PAIR IS TRYING TO FORM A SYMMETRICAL TRIANGLE PATTERN ON A WEEKLY CHART AND CONSECUTIVE CLOSES ABOVE 55.44 + WEEKLY CLOSE ABOVE 55.44 WILL ADD MORE FIRE AND THE PAIR MAY TOUCH ALL TIME HIGH. WE BELIEVE THE INVESTMENT IN USD-INR WILL FAR OUT PERFROM THE OTHER ASSEST CLASSES. WE WONT BE SURPRISED IF THE PAIR KISSES 60-62 LEVELS IN COMING DAYS.....
WE RECOMMEND TO LONG THE PAIR WITH CLOSING SL OF 54.54 TGTs 57.5 -57.8 IN SHORT TERM
BELOW IS THE DAILY CHART...
BELOW IS THE WEEKLY CHART:
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