Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-07-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-07-2016
MTECHTIPS USDINR remained range bound for third consecutive day and settled at 67.2150, almost flat. On the EOD chart, pair failed to break its immediate resistance of 38.2% Fibonacci Retracement which creating probability for pull down towards 67.00-66.95 again. However, a break above 67.35 on closing basis could result in positive move towards 67.58-67.75.
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