Way2Wealth has come out with its report on currencies. According to the research firm, one can Buy USDINR above at 67.30 for the target of 67.80 with a stop loss of 67.04.
Way2Wealth's report on currencies
Prices failed to fall below the recent lows and rebound from the support level to end with bullish candle. This is indicating for pattern failure, however, confirmati on of the same will come only on the cross of 67.49.
GBPINR opened the past session with positive gap and concluded the same with bullish candle. This has confirmed the bullish breakout in the patter and no w we expect that prices can travel up to 90.30 and 91.50 levels.
Pair maintaining its bullish stance ended the past sessi on around the rising resistance line which is at 75.60 . Surpass of the same can take the prices to higher levels of 76. Daily MACD is sustaining well above the signal line and is supporting the bullish outlook.
Pair : USDINR
Action : Buy above
Entry : 67.30
Target : 67.80
Stop Loss : 67.04
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First Published on Aug 4, 2016 09:54 am