Way2Wealth has come out with its report on currency. According to the research firm, one can buy USDINR for the target of 64.90 with a stop loss of 64.30.
Way2Wealth's currency report on USDINR
USDINR futures opened slightly lower in the last session and prices recovered strongly for the whole session till high of 64.63 level. Prices have made a bullish engulfing candlestick pattern on the daily chart which is suggesting a potential trend reversal in the pair for the near term. Prices are likely to recover further from these levels towards next strong resistances placed around 64.90 and 65.10 levels.Pair : USDINR
Action : Buy
Entry : 64.50
Target : 64.90
Stop Loss : 64.30
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