USDINR Trade Idea - 22 Aug

USDINR Trade Idea - 22 Aug

22 Aug 2019 09:38 AM

USDINR:- The pair is trading in a uptrend channel over the hourly frequency chart. Prices have came above short and long term moving averages 8 and 50 period - indication of uptrend continuation. RSI (14) turned back from its trend-line support and is heading towards the overbought zone.

Our Preference:- Buy at 71.62

Target- 71.81 and 71.95

Stop loss- 71.51