Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-05-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-05-2016
MTECHTIPS :- USDINR turned bullish after breaking out a short term consolidation. Since 29 April 2016 pair has been traded in between 66.55-67.30 range.A long bullish candle stick formation on EOD chart, and closing above the 38.2% Fibonacci is also supporting for bullish view in USDINR.Hence, any dip towards 67.20-67.30 is expected to give opportunity to build up long position for the target 67.55-67.80.
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