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Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-01-2016

Monday, January 18, 2016 23:32
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Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-01-2016

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Mtechtips The Indian rupee depreciated to fresh two-year low Monday on overseas outflows from local shares while yields on the new 10-year benchmark bond fell for the third straight day tracking weakness in the local currency.Upward momentum continued in USDINR on Monday, but pair failed to break the strong resistance 67.95 and after hitting a high 67.8275 settled at 67.78. Today,  moderately correction could expect towards 67.58-67.45 from every rise 67.80-67.75 unless  pair give a break out of 67.95. On the other hand, sustain move above this level could result next upside move towards 68.10-68.35.

WWW.MTECHTIPS.COM

 

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