Way2Wealth expects further buying in USDINR

Written By Unknown on Rabu, 21 November 2012 | 14.02

Way2Wealth has come out with its technical report on USDINR, EURINR and GBPINR. According to the research firm, further buying is expected in the USDINR counter from current levels.

USDINR: 55.12
Prices opened below the uptrend support line however buying at lower levels helped the pair in closing above the same. Further buying is expected in the counter from current levels.

EURINR: 70.55
As expected the pair tested the flat resistance level pegged at 70.5 levels. If it sustain above the same prices can surge up to 71 levels.

GBPINR: 87.78
It is on the verge of testing the stiff resistance line at 87.9 levels. Some sell-off can be seen from those levels. And the same will offer a favorable trade setup for the bears.

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