Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-06-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-06-2016
MTECHTIPS Dollar/rupee ended up for second day on Tuesday on dollar demand from oil importers amid weak local stocks, while the dollar index snapped four-day losses Wednesday on caution ahead of Brexit referendum. Technical, A bearish harami candle stick has been noted on the EOD chart which is indicating for bearish in USDINR, and any rise towards 67.75-64.80 could attract short term selling activities. On the other hand, 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.
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