The Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above46.15 or buy with strict stop at 44.57. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term Dollar is in HOLD LONG position
Support for USDINR is 44.76-44.75-44.74-44.68-.Resistance for the USDINR is 45.24-45.29-45.41-
In medium term Dollar is relatively strengthening against Yen- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Currently USDINR is in HOLD LONG position USDINR is in profit booking mode so hold with stop at 44.887 The oscillator is showing SELL signal
Buy is advised only above 45.093 with a stop at 44.826 Below 44.798 go for sell and put stop at 45.064
DOLLAR SUPPORT AND RESISTANCE
Support for USDINR is 44.76-44.75-44.74-44.68-.Resistance for the USDINR is 45.24-45.29-45.41-
DOLLAR TREND WITH OTHER CURRENCY
In medium term Dollar is relatively strengthening against Yen- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
SHORT TERM TREND OF DOLLAR
Currently USDINR is in HOLD LONG position USDINR is in profit booking mode so hold with stop at 44.887 The oscillator is showing SELL signal
DOLLAR LEVEL FOR TODAY
Buy is advised only above 45.093 with a stop at 44.826 Below 44.798 go for sell and put stop at 45.064
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