Way2Wealth has come out with its report on currency. According to the research firm, one can buy USDINR for the target of 64.95 with a stop loss of 64.35.
Way2Wealth's currency report on USDINR
USDINR futures opened slightly higher in the last session and prices rose gradually till high of 64.71. Prices have broken out from its short term declining trend line resistance and closed above the same in the previous session. Prices are expected to recover further from these levels towards immediate resistances placed around last week’s high near 64.85 level and further at its previous swing low around 64.95 level.
Pair : USDINR
Action : Buy
Entry : 64.60
Target : 64.95
Stop Loss : 64.35
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