MCX-SX USD/INR DAILY TRADING STRATEGY (28/05/09)
Yesterday USD- INR June series opened at 47.6975 & went down to 47.52 to mark the low of the day. It then continued to rise to make the high of the day at 47.8925 & finally closed the day at 47.8350. Yesterday’s price action has confirmed the bullish MORNING STAR pattern. We see 48.90 as resistance & 47.40 as support for the day.


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