Posts
MTECHTIPS:-USDINR
USDINR in last week of may shown some strength on RBI intervention,but in month of may this pair rallied 8%+ means rupee in month of may lost 8% in its price.for june series we hold our view buy on dips with targets 57.6 and 59.1 because RBI intervention will not last for much more time.on downside 55 is strong support and that will be stoploss for long trade on closing basis.on above 1 yeartrend channel chart,USDINR pair in bull run and after every dip we see strong buying rallies and in now on correction traders should buy thiscurrencypair for upside targets with stoploss.
USDINR in last week of may shown some strength on RBI intervention,but in month of may this pair rallied 8%+ means rupee in month of may lost 8% in its price.for june series we hold our view buy on dips with targets 57.6 and 59.1 because RBI intervention will not last for much more time.on downside 55 is strong support and that will be stoploss for long trade on closing basis.on above 1 yeartrend channel chart,USDINR pair in bull run and after every dip we see strong buying rallies and in now on correction traders should buy thiscurrencypair for upside targets with stoploss.
No comments:
Post a Comment