USDINR Trade Idea - 20 Aug

USDINR Trade Idea - 20 Aug

20 Aug 2019 09:42 AM
 

USDINR:- Prices are trading well above the short and long term moving averages of 8 and 50 period. RSI(14) is at 71 mark - hovering in a overbought zone  but without a major reversal signal. Immediate trend-line resistance is at 71.80-82.

Our Preference:- Buy at 71.60

Target- 71.81

Stop loss- 71.49