Moneycontrol
Jun 20, 2017 11:02 AM IST | Source: Moneycontrol.com

Buy USDINR; target of 64.90: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can buy USDINR target of 64.90 with a stop loss of 64.25.

Buy USDINR; target of 64.90: Way2Wealth

Way2Wealth's currency report on USDINR


USDINR futures opened slightly lower in the last session and made a low of 64.39. Prices consolidated for the whole session in the range of 64.40 - 64.50 levels. Prices have taken strong support near 64.30 level in the previous few sessions and are expected to recover from these levels towards next strong  resistance placed around  64.90 and  further around its 23.6% Fibonacci retracement of its recent fall from  68.46 to 64.08 placed at  65.10 level.

Pair : USDINR
Action : Buy
Entry : 64.45
Target : 64.90
Stop Loss : 64.25

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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