Yesterday USD- INR june series opened at 47.50 & this itself was the low of the day. It then continued to rise to make the high of the day at 48.055 & finally closed the day at 48.0275. In terms of Japanese candlestick it has formed the MORNING STAR PATTERN.This is considered to be a powerful reversal pattern. We are of the view that 48.90 is resistance & 47.40 is support for today.