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Mtechtips
MCX-SX USDINR INTRADAY trading analysis 19-01-2016
Mtechtips
The Indian rupee depreciated to fresh two-year low Monday on overseas outflows
from local shares while yields on the new 10-year benchmark bond fell for the
third straight day tracking weakness in the local currency.Upward momentum
continued in USDINR on Monday, but pair failed to break the strong resistance
67.95 and after hitting a high 67.8275 settled at 67.78. Today, moderately correction could expect towards
67.58-67.45 from every rise 67.80-67.75 unless
pair give a break out of 67.95. On the other hand, sustain move above
this level could result next upside move towards 68.10-68.35.
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