Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-08-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-08-2016
MTECHTIPS USDINR has stalled its recent bearish trend and consolidated around 67.00 levels yesterday. For the short term perspective USDINR is expect to remain bearish following to bearish Flag pattern breakdown and any rise towards 67.15-67.25 expect to attract short term selling activities. On the other hand, near term resistance is seen at 67.45, sustain trade above will expect to show recovery towards 67.65-67.80.
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