Jan 30 2019

USDINR Trade Idea

USDINR:-The pair opened with a gap, which is likely to be filled intraday. Moving average supports are seen towards 71.15-20 and RSI (14 period) is at 69 mark, close to its overbought zone. Overall trend looks upward, so we suggest to go long on a dip.

Our Preference:- Buy at 71.20-22

Target- 71.52

Stop loss- 71.07