Emkay Global Financial Report on Currency
Spot USDINR has almost tested its immediate upside target at 64 levels yesterday. Prices need to sustain above 63.75 levels for it to test 64/64.10. On the upside some supply can be seen once prices head closer to 64 levels. Immediate support for the pair is placed at 63.45 levels below which prices can witness an intraday correction towards 63.10.
For the positional traders, the price set up continues to be bullish until prices stay above 63 levels. A close below 63 will be bearish for the counter
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