Jan 14 2019

USDINR Trade Idea

USDINR:-After a flat open at 70.48, the pair shoots up by 10 paisa in the early trades, analysing on 30 minutes chart which is indicating to buy the USDINR for intraday position. 50 period exponential moving average support is at 70.43, RSI(14) is above 50 mark (strength in favour of bulls)while MACD is neutral below its zero-line.

Our Preference:- Buy at 70.50

Target- 70.70

Stop loss- 70.40