Feb 17, 2017 10:46 AM IST | Source: Moneycontrol.com
Buy USDINR: target of 67.40: Way2Wealth
Way2Wealth has come out with its report on currency. According to the research firm, one can Buy USDINR Entry of 67.00 for the target of 67.40 with a stop loss of 66.85.
Way2Wealth's report on currency
USDINR Feb futures opened flat in the last session and prices consolidated for half of the session in the range of 66.95 - 67.00. Prices recovered later and rose till high of 67.1 3. Prices have taken strong support at its short term rising trend line and around its 78.6% Fibonacci retracement level of 67.00. Prices are expected to recover further from these levels towards next strong resistances placed around 67.40 and 67.6 0 levels.
Pair : USDINR
Action : Buy
Entry : 67.00
Target : 67.40
Stop Loss : 66.85
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.