USD INR
Trend line breakout and falling wedge breakout has been witnessed.
Expect 74.93 to be tested in near term.
Support can be at 74.05-73.90 and 73.61.
RSI get into the overbought zone.
Acceleration towards 74.93 could be seen for resistance and profit booking
by long position trader.
As long as it remains above the trend line
expect accumulation for profit book to 74.93 or above.
If at all breakout above 75 is witnesse further than rally to 76.46-76.97.
For the time being objective is to test 74.93
Trend line breakout and falling wedge breakout has been witnessed.
Expect 74.93 to be tested in near term.
Support can be at 74.05-73.90 and 73.61.
RSI get into the overbought zone.
Acceleration towards 74.93 could be seen for resistance and profit booking
by long position trader.
As long as it remains above the trend line
expect accumulation for profit book to 74.93 or above.
If at all breakout above 75 is witnesse further than rally to 76.46-76.97.
For the time being objective is to test 74.93