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Published on 14/08/2019 12:29:39 PM | Source: Reliance Securities Ltd

On upside yesterday`s high of 71.40 will act as resistance - Reliance Securities

Posted in Currency Report| #Currency Tips #Reliance Securities Ltd

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USDINR

* USDINR Spot is going to have Gap down opening near 70.90-71.00 level in today’s session on back of appreciating Chinese Yuan.

* The above daily chart shows that prices were trading in the overbought territory and today it is going to witness Gap down opening which confirms that prices can trade in sideways to negative trend for next few days.

* On downside 70.80 is the support to watch out for. On upside yesterday’s high of 71.40 will act as resistance

 

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