Friday, 14 December 2012

An Update on USD/INR



USD/INR future witnessed with a gap down opening and set on rally punching high at 54.67 and closed near 54.62. For today expect some correction and then continuation of up move. On chart above 54.85 one can witness a noticeable change in trend and look forward for upside targets of 55.15, 55.53 and even 55.87, however 54.4 is major support on chart and 54.22 remains the double bottom area.

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