Dec 19 2018

USDINR Trade idea

USDINR- We seen a massive reaction in today’s opening. When prices open at 70.10 then 69.85 in just some seconds. Now Rupee is at 70.13 and seems to touch 70.50 in near term where Stochastic is in its oversold zone and having Bullish crossover on the other hand RSI is at 15 (oversold territory).

Our preference- Buy at 70.00- 70.03

Target- 70.35

Stop loss- 69.90