Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-08-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-08-2016

MTECHTIPS USDINR traded in between 66.95-67.05 small range and settled at 66.9825 compare to previous close of 6.8775. On the EOD chart a breakdown of short term consolidation 66.90-67.25 is yet indicating probability for correction in USDINR, and pair may test 66.80-66.65 very soon.On the other hand, massive resistance is seen at 67.25 sustain trade above only will expect to test 67.46 and above.

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