Trend updated for-Jul/23/2013.CMP-59.6575 The Dollar is strengthening against Indian Rupee in long- medium- term .Currently Dollar is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in SELL position.Positionally Support for USDINR is 57.97-56.73-56.13-55.07-.Resistance for the USDINR is 60.06-60.16-60.28-
Currently USDINR is in HOLD LONG position USDINR has crossed the high so for short term better buy above 59.88 with stop at 58.96 The oscillator is showing BUY signal
Intraday Trend- Buy above 59.88 and keep stop below 59.441 Target is 59.98 next 60.15 Below 59.341 trend reversal can occur and next level is 59.171
Currently USDINR is in HOLD LONG position USDINR has crossed the high so for short term better buy above 59.88 with stop at 58.96 The oscillator is showing BUY signal
Intraday Trend- Buy above 59.88 and keep stop below 59.441 Target is 59.98 next 60.15 Below 59.341 trend reversal can occur and next level is 59.171
