Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-06-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-06-2016
MTECHTIPS :- USDINR was unable to hold its gain on Thursday and retraced more than 0.25% from the day high 67.72 levels. Since 25 May 2016, USDINR is struggling to close above 67.75 (except to yesterday close). The last retracement was resulted in formation of a bearish harami candle stick pattern which is indicating for further correction in USDINR. However, there is massive support area around 67.40 and sustain trade below only will expect to test 67.20-67.00.


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