Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-06-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-06-2016
MTECHTIPS Dollar fell as market sentiments for safe-haven currency plunged over ongoing concerns about the referendum on whether Britain will remain in the European Union.Technical, after witnessed a gap up opening at 67.7050 compare to previous close of 67.1725, USDINR retraced towards 67.3550 and settled at 67.3975 levels. Near term immediate resistance is seen at 67.90 and pair would need to trade above 67.90 in order to test 68.00-68.35 levels. Else, any rise towards 67.65-67.75 is expect to attract short term selling activities for the target 67.35-67.20.
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