Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-07-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-07-2016
MTECHTIPS USDINR extended its fall for third consecutive day and after hitting a low of 67.2975 settled at 67.36 levels. For the short term perspective USDINR is expect to remain bearish following to three black crows candle stick pattern on EOD chart, while recent break down is looking like bearish Flag pattern which also indicating for bearishness in the pair.On the other hand, near term resistance is seen at 67.85, sustain trade above only will expect to test 67.99-68.10.
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