Jan 10 2019

USDINR Trade idea

USDINR- Indian Rupee is likely to appreciate for near term target. Stochastic is in overbought territory, already given bearish crossover signal. Relative Strength Index of 14 day is at 57 and started moving downside.

Our Preference- Sell at 70.40

Target- 70.10

Stop loss- 70.55