October 1, 2013

USDINR Chart analysis

 
  • USDINR is trying to stay above the up trend line from 53 levels. Sustaining above it should give another up move for the pair.
  • Weakness for the pair only on closing below 100 Day SMA. Closing above 50 Day SMA should resume the up move. One hour chart shows immediate resistance levels for the pair.

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