MCX-SX USD/INR DAILY TRADING STRATEGY (19/06/09)

Yesterday USD- INR June series opened at 48.0975 & went down to 48.02 to mark the low of the day. It then continued to rise to make the high of the day at 48.3425 & finally closed the day at 48.2775.We see 48.20-48.40 as resistance & 47.65 as support for the day.  However the last corrective pattern which we were expecting to be flat or triangle has finally has resolved to be flat. It may terminate today or max by tomorrow & will commence the final down move towards 46.60.
 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.