MCXSX - USD INR
- USD INR moving in strong range bound zone of 60.70 - 59.78. This indicates as long as USDINR trades in between the range, trend is not clear, once it comes out from it range then sharp move is expecting.
- Daily chart also indicates USD INR trading below 100 days moving average, as long as trades below will favor bears, once it trades above 100 days moving average then will favor bulls.
- If price comes down from current levels then USD INR will find strong support (fibonacci retracement) around 59.78, 59.51 & 59.22. Close Watch.
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