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.
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
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